Checklist for Going Into Business GOV6

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Checklist for Going Into Business GOV6

Checklist for Going Into Business Summary Thinking of owning and managing your own business? It's a good idea--provided you know what it takes and have what it takes. Starting a business is risky at best; but your chances of making it go will be better if you understand the problems you'll meet and work out as many of them as you can before you start. Here are some questions and work-sheets to help you think through what you need to know and do. Check each question if the answer is YES. Where the answer is NO, you have some work to do. Before You Start How about You? Are you the kind of person who can get a business started and make it go? (Before you answer this question, use worksheet number 1.) Think about why you want to own your own business. Do you want to badly enough to keep you working long hours without knowing how much money you'll end up with? Have you worked in a business like the one you want to start? Have you worked for someone else as a foreman or manager? Have you had any business training in school? Have you saved any money? How about the money? Do you know how much money you will need to get your business started? (Use worksheets 2 and 3 to figure this out.) Have you counted up how much money of your own you can put into the business? Do you know how much credit you can get from your suppliers--the people you will buy from? Do you know where you can borrow the rest of the money you need to start

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