The idea of doing their own thing has seduced many men and women into chucking their jobs and trying their luck at entrepreneurship. Unfortunately, not all people have been able to succeed at running their own businesses. The problem more often than not lies in the fact that most people plunge into the deep waters of entrepreneurship unprepared. Ideally, before you start your own business you need to ask yourself the following questions. The easy step is asking; providing a truthful, honest answer is the difficult part.
Do you have enough capital and cash? Money attracts money. If you do not have enough capital and liquidity, it won’t be easy for you to sustain your business. Therefore, before you decide to start your own business you must be clear about your funding options. Do you want to borrow? Can you borrow money, and if so, from where? What are you willing to give in return for the investment? If the funds are not from a bank, then private investors are looking for ownership and a return on their investment.
Continue reading here.
No comments:
Post a Comment