Work out what you want from your business and ask yourself why
you are starting it.
The prospect of increased wealth, freedom and job satisfaction
have led many people to start in business for themselves.
Many have failed, however, because they did not clearly identify
their personal and business goals.
Write down your specific goals and aspirations on paper. This
will help you to think about them clearly.
Each method of start-up has its pros and cons. It is essential
for you to know your own aims, strengths and weaknesses in order
to decide which is the most suitable start-up method for you. Perhaps, spare 10 minutes to try an online personality test. You might be surprised by what you discover about yourself and your business partners.
Becoming a franchisee, for example, may not be the best option
if you value true independence. It may, however, suit those
who value the potential to reduce the scope for making mistakes
in the early years.