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To determine whether starting a small business is right for you, it’s essential to know what will be required of you to start and maintain your endeavor.
1. Time
Having sufficient time is one of the biggest stumbling blocks for many people who want to start their own business.
2. Money
Starting a business requires cash (or credit) up front, and buying an existing business often requires a large lump sum payment.
3. Patience
Drive and ambition aren’t enough – sometimes the early bird gets the worm, and other times slow and steady wins the race.
4. Research
An idea doesn’t need to be unique to be profitable – as long as there’s sufficient demand for your product
5. Business Plan
Creating a basic business plan can be tedious, but it is very important, especially if you seek financial backing from investors or a bank
People who should listen to t5his show are entrepreneurs, career coaches
