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Planning your business

Are you ready to start your own business?

Are you thinking of owning and managing your own business? It can be a rewarding experience if you know and have what it takes to make it a success.

Before making a life-changing decision, you need to ask yourself some questions:

  • Why am I thinking of going into business?
  • Am I a self-starter?
  • How do I feel about other people?
  • Can I lead others?
  • How good an organiser am I?
  • Am I an effective decision-maker?
  • Can I stick to the task?
  • What impact would a business have on my lifestyle and family?

Have you assessed your business skills?

Now is also the time to review your business skills, before you start anything.

  • Am I able to bring to the business the skills necessary to make it a success?
  • What skills do I have?
  • Where do gaps exist and what actions do I need to take to remedy the shortcomings?

 

Take a look at yourself, your motivation and strengths and weaknesses, and your planning and financial management skills using the checklist in the Are You Ready for the Challenges of Business? business guide.

For more information, see the business guides Be your own Boss and So you want to buy a business.

A complete list of 25 business guides can be accessed by clicking here.

Hard copies of any “How to” business guides can be attained by contacting Business Point.

Phone 1800 440 026 or email businesspoint@development.tas.gov.au