Do you daydream about being your own boss or running your own business? Does the change of seasons give you an itch to be doing something different?
If you’re thinking of starting your own business, discover more about yourself by taking inventory of your strengths and weaknesses. What do you do well? Where can you improve? Which traits are in your favor or could be an obstacle? Take a step back and do an objective assessment. To help you get started in your self-evaluation, here are several traits to look for in yourself:
Do you remember your first experience with money? Maybe it was a “surprise” from the tooth fairy or a monthly allowance or a birthday gift. Knowing how to handle money is an important life skill, whether you’re 6 or 106. Do you have a professional, trusted financial mentor to help you navigate the steps to becoming a profitable company?
Entrepreneurship requires discipline, planning, and vision. When you do the hard work necessary for the first two, you’ll have a foundation in place to request financing for your vision. There are 5 areas a lender will assess when deciding whether to extend a loan to you...