Congratulations! You started a side hustle and love it so much that you’re wondering if you should quit your day job and take this side-gig full time.
Committing 100% to your small business IS a big step. But before you move too far on your business plan, ask yourself this: are YOU personally ready to be a small business owner?
Personal factors matter in small business owners — who you are, how you react and persevere, your support network. Remember, with a side hustle, you’re looking at supplemental income, NOT the income that pays your mortgage, car, groceries. Going full-time with business ownership isn’t a move to make lightly.
While you’ll need money, space, and a solid plan to start your business, it helps if you understand a few specific personal characteristics too. The good part: you can work on building any of these while you continue to plan your business.
BTW, if you're coming up short on any of the 7 criteria for business owners, don't be dismayed. You can find ways to change any of these. If "risk taking" is a problem, remember you only have to face "no thank yous," not gravity pulling you at 9.8m/sec2 from out of the sky. And ensure you attend our free Forever Forward events. Each can help you build specific skills or provide you with action and answers you can put to work. They're a great way to build confidence!
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View more resources from Entrepreneurs Forever.
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Why does your personal credit score matter to your business? Amber Book of the Financial Empowerment Center answers questions and offers guidance on how to fix yours.
A SWOT analysis is a strategic process that helps you determine key areas for business growth and development. Download this guide to create one for your business.
It's true: small businesses are seen as some of the easiest and most frequent targets of cybercrime. Implementing these tips, however, can mitigate potential attacks.
Who's the ideal customer for your small business? Learn how to identify your ideal client here and download the free worksheet.
You have questions about using Quickbooks to run your small business. And we have answers. Check out these frequently asked questions and where to get more info.
Check out this quick list of what Quickbooks can and can't do for your small business. Need more info? Watch the video with all the pros and cons, too.