The ever-alert-to-trends Wall Street Journal published a questionaire recently for folks who think they want to become entrepreneurs. That high sounding label, conjuring up visions of exciting launches, IPOs and bushels of money before you turn 30, comes with a price and a lot of uncertainty, as all of us who have been there can attest. The Journal article asked 10 questions you would want to answer positively before you go that route, even if your job has just fallen out from under you. The list was good enough to blatantly copy here, although you'll have to read the whole article to get the well-written discussion of each question. Here's the list:
1. Are you willing and able to bear great financial risk?
2. Are you willing to sacrifice your lifestyle for potentially many years?
3. Is yoru significant other on board?
4. Do you like all aspects of running a business?
5. Are you comfortable making decisions on the fly with no playbook?
6. What's your track record of executing yout ideas?
7. How persuasive and well-spoken are you?
8. Do you have a concept you're passionate about?
9. Are you a self-starter?
10. Do you have a business partner?
Good stuff, to be sure, from the paper you should read every day. Here's the link to the entire article:
As always we welcome your comments.