All posts tagged small business policies

With all the talk about how to succeed in business these days, with the struggling economy and challenges that everyone is facing, few people are asking if becoming an entrepreneur and starting a small business is even a wise decision.  For those of you who might be thinking about jumping into the fray and finally starting out on your own, there are a number of key questions that you have to ask yourself, as Kelly Spors from the Wall Street Journal points out in her recent story which can be found here. This is a good look at many of the elements that have to be considered before you make the big decision.

Kelly outlines a number of hard questions a budding entrepreneur must ask themselves before staking their own claim.  She also offers some sobering statistics, including how roughly half of all start ups close within five years.

Some of the questions include, “Are you willing to sacrifice your lifestyle for a number of years,” and “Do you like all aspects of running a small business.”  These are all things that one must consider before taking the plunge into small business ownership.

As a small business owner, did you sit down and answer a number of key questions before deciding to start your own venture?  What were they, and have they changed over the years?