The Kauffman Foundation’s “National Report on Early-Stage Entrepreneurship in the United States” in 2020, indicated a spike in the number of new founders with few other income options, compared to those who transitioned from existing jobs to entrepreneurship as an opportunity.
This is concerning because desperation can make one focus on what there is to gain from owning a business versus the work and risk it takes to sustain it.
In addition to an article in the November 2020 issue of Entrepreneur Magazine entitled “5 Questions Every Founder Must Ask,” let me add a few questions of my own:
· Is your family supportive? Are they well informed as to the business idea, the possible gains, the risks and the home responsibilities you’ll have to off load as you build your business?
· When you plan your day, are you able to prioritize, manage your time and follow through?
· Is your work environment free of distractions and interruptions?
· Have you a way to handle stress, get a good night’s sleep and sufficient exercise?
Being your own boss and creating something that folks will pay for is an enticing proposition, but one that requires “eyes open” all the way.
When we report to someone else there is a structure. As a founder, you need to create your own structure. Let me help you plan, get things done (even the more odious tasks!), done well and on time. Contact me at [email protected]