" Counselors to America's Small Business"

 

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Should I Start a Business?

Why Am I Going Into Business?

Am I Really Qualified to Own a Business?

Pre-Business Checklist

Save thisform and answer offline.  To save, click File then Save As with title Start Business.html.  Open this file using your word processor or browser.  Answer as many questions as possible, then print and perform the evaluation to measure your ability to start and operate a business.

 

Why am I going into business?

Yes

No

1. I want to make money and achieve financial independence.

2. I can provide a better product or needed service than my competition.

3. I want to fully use my skills and knowledge.

4. I want creative freedom.

5. Other reasons:

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Am I really qualified to own a business?

Yes

No

1. Have I developed the skills and experience for performing this type of business?

2. Do I have the education and technical skills to be competitive in this business?

3. Do I plan ahead? Do I Like to make decisions?

4. Do I have the will-power and self-discipline to carry out my plans?

5. Do I enjoy competition from existing or new businesses?

6. Do I like people and get along with others - associates and customers alike?

7. Am I a team leader when trying to achieve a specific goal?

8. Do I have the physical and emotional strength to handle the workload, long hours and withstand the stress?

9. Do I have family support in this business endeavor?

10. Am I and my family prepared to temporarily lower our standard of living and possibly lose our savings?

11. Have I planned how to overcome the weaknesses I identified above?

12. Have I identified costs to overcome these weaknesses (educational costs, marketing research costs or employee costs) to share the workload?

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  Pre-Business Plan Checklist

Briefly answer these questions for use in developing a focused, well researched business plan.

What business am I interested in starting?

What services or products will I sell?

Where will I be located?

What will I name my business?

What will be my legal structure? (sole proprietor, partnership, S-Corporation, C-Corporation, LLC)?

What equipment and supplies will I need?

How will I market my business?

What are my personal financial resources?

What financing will I need and where will I get it?

How will I compensate myself?

What insurance coverage (personal and business) will be needed?

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For person-to-person appointments, telephone counseling, or e-mail counseling, click Counseling Request.

Inquiries may be e-mailed to us at scorestockton@aol.com

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