How do you know if you should start your own business? Here are 5 concrete steps you can take to find out if owning your own business is right for you.

1. How To Know If you
Should Start a
Business
by FitsmallBusiness.com

2. Step 1

3. Why do you want your own
business?

4. Examples of Bad Reasons...

5. You hate your boss.

6. You aren’t being paid enough.

7. You lack passion for your job.

8. You want to work less.

9. These are not
reasons you want to
start a business. .
These are not reasons
you want to start a
business. .

10. These are not
reasons you want to
start a business. .
These are reasons you are unhappy
with your current situation.

11. Examples of Good Reasons...

12. You have identified a problem
that people will pay you to
solve.

13. You want to be a leader.

14. You want the challenge.

15. You think your clients will
follow you..

16. Step 2

17. Do you have the skills?

18. Do you want to run a
restaurant?
(Example)

19. Or do you just
love to cook?

20. Skills every business needs..

21. 1. The ability to market and sell.

22. 2. The ability to deliver quality
products/services.

23. 3. Ability to handle the finances.

24. 4. Ability to manage.

25. Don’t have some of those skills?

26. Get a Partner (Click here for our free guide
on choosing a business
partner. )

27. Step 3

28. Do you have the right mindset?

29. Have to be willing to get your
hands dirty.

30. Have to be willing to work a lot of
hours.

31. Step 4

32. Do you have the means?

33. One thing all new businesses have
in common...

34. They take longer to become
profitable than originally
forecast.

35. For most businesses...

36. Plan for no salary in year one.

37. Small salary in year two.

38. Back to what you were making in
your old job in year three.

39. Yes you heard
right.

40. It takes 3 years on average.

41. Step 5

42. Do you have the personal support?

43. If your significant other isn’t on
board...

44. Its going to suck.

45. Make sure they
understand...

46. 1. There is a high failure rate.

47. 2. The hours are long.

48. 3. The there are a lot of ups and
downs.

49. 4. Any personal spending cutbacks
that need to be made.

50. Still with me?

51. Great!

52. Now its time to come up with a
business idea...

53. Click Here to learn how.

54. Click Here to learn how.