Chapter 3

Can You Do the Business?

IN THIS CHAPTER

Bullet Understanding whether being your own boss is right for you

Bullet Checking out various ventures

Bullet Setting up your business at home

Bullet Figuring out your profit motive

Bullet Taking a skills inventory to identify any gaps

Governments are keen to foster entrepreneurship: new businesses create jobs for individuals and increased prosperity for nations, which are both primary goals for any government. If these new firms don’t throw people out of work when recessions start to bite, supporting them becomes doubly attractive.

But people, you included, don’t start businesses or grow existing ones simply to please politicians or to give their neighbours employment. They’ve many reasons for considering self-employment. The idea of escaping the daily grind of working for someone else and being in charge of their own destiny attracts most people. But despite the many potential benefits, they face real challenges and problems, and self-employment isn’t a realistic ...

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