There are many things to consider before making the plunge into business ownership.
You have to ask yourself a couple of important questions (which may seem obvious to some):
What am I looking to accomplish with my endeavor?
Is this meant to supplement my income or replace it?
Realistically what can I afford to invest (money, time, etc.)?
Am I willing to work without instant gratification?
Starting a business can be exciting, scary, and frustrating all at the same time. It can also be time consuming and expensive, if you let it. To avoid getting overwhelmed, it is vital that you do some research and educate yourself. In doing so, you can confidently plunge in… with both feet.
The first and MOST important thing to realize… you will not get instant financial gratification. Most people assume “if you build it, they will come”. This is far from the truth. It is something you will have to work at constantly. This is not meant to scare you, but help you realize the true reality of starting a business.
This is part of the Blog Series: Start Your Own Online Business