As Warren Buffet said, "You're looking for three things generally, in a person: intelligence, energy and integrity, and if they don' have the last one, don't even bother with the first two.
Here's what I say from my own experiences: Ask yourself are you a self starter, I mean really a self-starter. Do you have the drive or something to say that you will express through a small business? Is it your idea, or did someone push you into it? Will you make sure everything is handled and quality check by you everyday - you can't let someone else do this for you - they will either not do it properly or they will cheat you out of a customer or two, or many.(yes that happens)
I loved having a business for 4 years. It was great. I started with $500 and worked out of my home. There were hard things, like customers not paying you, but you having to pay your people for the work they did at that customer. There were great successes like getting a project I thought I couldn't get. Best of all standing on my own two feet and making it all come together for myself and my employees.
When I closed my business, I did what was right, I transferred all my customers to my best competitors, and got all my employees jobs.
I say go for it if you are ready!
Cindy recommends the following next steps:
- Read Crossing the Chasm (small)
- Read How to build a fort (small)
- Read all the rules for starting a business for your city, state, county, country.
- Get a good accountant, they will save your life and your business
- Get a good small business lawyer, they will save your life and your business