How do I know if I am ready to go into business for myself?

With a good idea or without, it seems that there should be signs that a person is ready to strike out as a business owner. How do I make sure that I am ready? What kind of skills (soft & hard skills) do I need to have? Are there specific personality traits that will make me succeed or fail? Are there any good books on the subject? Are there any financial guidelines for Net worth requirements?

Asked By: Quick2Answer - 9/14/2006
Best Answer - Chosen by Asker
I believe you are asking some really thoughtful and intelligent questions. Since I'm in business for myself, I can tell you how I knew that I was ready and what I did to be successful... More
Answered By: scmduplessis - 9/14/2006
Additional Answers (4)
The best way to know if you are ready to go into business is if, one, you are ready to work about 80 hours a week. Second, you must have a nice chunk of change to absorb all the start up costs and up-front financing that is involved.
Answered By: Solutions - 9/14/2006
have you done a thorough research on what you intend to do? have you done a business plan? some Govt' Departments on business development can help you with these. Look in the phone book of your area, there may be organizations like that.
Answered By: huynh n - 9/14/2006
If you have to ask yourself then you are not ready....
Answered By: TommyGun - 9/14/2006
I would say a good way to find out is start small. I have a small home business that teaches you all of the skills you need with excellent training and mentoring. Your investment would be a little under $200, not bad to find out if business is for you or not... More
Answered By: Mexico4me - 9/14/2006
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