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5 questions to ask yourself before starting your own business

The time has come, you finally want to turn your dream into reality. Everything you've put on paper is now starting to come to life, and you're ready to share your idea with the rest of the world. Starting a new business can be quite exciting, and a new venture is also a huge risk, one big enough that if it pays off it can literally change your life. A business is something you should go into with your eyes wide open, and good preparation is the key to success. You should ask yourself the following 5 questions before taking that step.

1. Am I motivated?

No one looks over your shoulder anymore to see if you're really getting things done. It's all up to you now. To make a business successful, you must have the motivation and passion to wake up every day with pleasure and work towards what you want to achieve.

2. What are my strengths and weaknesses?

If you are not skilled in everything, it is important that you call for help in time and do not be afraid to do so. It's much easier to delegate and decide what you can and when it's best to step back.

3. What are my company goals?

By setting yourself clear goals, you can choose a route with an action plan to where you want to go and what you want to achieve. This is necessary to focus and remind yourself what you are doing it all for when things get a little stressful.

4. Can I handle money?

If you're the kind of person who buys a pair of shoes every time you walk into the store, even though you know you can't afford them, then it might be helpful to have a financial picture. Make a financial plan with your expenses and income so you can see where your money is going and what you have left to spend. If you are going to start a webshop, for example, it is important to think about where you store your products. Fulfillment companies can arrange all this for you.

5. Can I deal with setbacks?

Anyone who owns their own business will know that it never goes smoothly, from the beginning to the end you will encounter new challenges and new problems which makes it exciting and challenging for most people. If you are someone who is easily discouraged, it can be difficult to overcome setbacks and move on. So you have to be prepared and don't give up when it comes to that.