Are You Ready?

M & L Landscaping

Starting a business isn’t easy.  Having a great idea for a business is an important first step, but there are many other things you should think about before you start a business.

If you can answer yes to the following questions, then you may have the potential to start a small business.

• Do you have experience in the work you want to do?
• Are you able to sell yourself (or products) to people?
• Are you highly motivated?
• Are you good at solving problems?
• Can you stay focused and on task?
• Are you adaptable and flexible?
• Are you a risk taker?

Is Your Business Idea a Good Idea?

Also, we have learned that your business idea must also make:

• PERSONAL SENSE. Will it fit in with your family or lifestyle?
• BUSINESS SENSE. Can you sell your product for more than it costs to make and sell and still provide you with a profit (income for you)?
• MARKET SENSE. How many competitors are there in your market and is there room for you?
• FINANCIAL SENSE. Do you have enough money to make your business successful?

Many beginning entrepreneurs fail to realize that they will have to work long hours and that it can often be difficult to attract enough customers for the business to be successful. Almost all of our clients who start businesses struggle to generate sales in the first year. The purpose of our work at MEW is to help beginning entrepreneurs realistically look at your business idea or business expansion and help decide if it can be successful.