Should I Start My Own Business?

Guest Post by Matt from Advanced Lifestyle Design |

This article talks about how to determine whether or not you should start your own business. In order to determine which business you should start, you should ask the following questions:

1. Do I have what it takes to be an entrepreneur? Am I a self starter? Am I willing to take the risks that are associated with running my own business such as losing money or failing?

2. If you pass the 1st test, ask yourself: what am I better at doing than at least 95% of the general population? What area do I have the highest level of skill and proficiency in?

Based on your answers to the above two questions, you can decide whether or not to start a business and which business to start. If you decide to start a business, you will need to make sure to pick a business that plays into your areas of strengths. For example, if you are excellent at graphic design and making websites, have you seriously considered offering your services as a freelance web designer?

If you decide to start a business, you will want to begin small, and test the business model without spending a lot of money. You can begin small by telling your family, friends, and professional network that you are offering services, hand out business cards, and begin advertising yourself through word of mouth marketing. After you have started small and seen whether or not your business idea is viable, you can then determine whether or not to invest more money and time into making the business succeed.