Chapter 3
Can You Do the Business?
IN THIS CHAPTER
Figuring out what you want from a business
Checking out various ventures
Taking a skills inventory to identify any gaps
Deciding whether to make a product yourself or buy it
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 those 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 have 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 option for everyone.
The questions you need to ask yourself are: Can I do it? Am I really the entrepreneurial type? What are ...
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