Starting a business is a great idea - IF you know what you're doing. But it's not a good idea to work for yourself just because you've decided that you hate your job. Sounds obvious I'm sure, but many people still do it. If you do decide that you're going to take the leap, please keep these points in mind:
- Make sure that you want to start a business - don't just do it because you feel you've no other options. If you don't know your options, give me a call and I can help you out.
- Law of financial viability: get someone to give you some form of payment for your product or service before you decide to stake your whole financial future on it, even if it's just one euro for ten minutes or one euro for a sample product. This is a great test because people will take anything for free, but they won't give you their cash without consideration.
- Build deep knowledge of your industry and get good at rare and valuable skills. If you just do something that anyone can do, or everyone is doing, you don't stand much chance of developing a good business or career.
- Create a one-page business plan that concisely and clearly layouts your vision. If it's not clear and compelling in one-page, you need to rethink your business idea. Here are a few questions that I threw together to get you started: