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Personal Readiness To Start A Business - -
A Self-Assessment Checklist

Are you ready to start a business - - Use this self-assessment Checklist and find out before you waste your time and money!

Introduction: Am I fully prepared to be a business owner is the most important question that you must ask yourself? With over 300 insightful questions and action steps, this checklist will help you answer this question and educate you regarding the key elements and considerations required to help you make a decision about whether to launch a new business.

Starting a business is an exciting endeavor and is typically accompanied by very high expectations. However, it is usually undertaken with a lot of anxiety and trepidation as well. According to some sources, approximately 4 out of 5 businesses fail within the first three years of operation, and then an additional 4 out of 5 of the remaining businesses fail during the next few years of operation. How does an entrepreneur triumph over these seemingly overwhelming odds and avoid being included in these gruesome statistics?

Keys to Success: Based upon many years of providing Business Management Consulting Services along with successfully managing several businesses, there are, I believe, several keys to success. The first is the desire, belief, and expectancy that you can make your business successful. This generally requires an intense commitment and many hours of hard work which often involves forfeiting the pleasures of family events, hobbies, sports, TV, etc. Hopefully this sacrifice will be short lived as your business becomes more successful. The second key to success is to become educated regarding the process of starting a business. This includes understanding your marketplace, financial management techniques, and operational strategies as well as a myriad of laws, tax consequences, and business structures. And, importantly, understanding yourself and your motivations.

Do it Right! For ONLY $19.95, the Personal Readiness To Start A Business Checklist is a self-assessment tool that is designed to help you start a business with the primary focus on determining if you are truly ready to start a business by examining a range of topics that include family considerations, financial resources, personal and professional support systems as well as many other vital subjects. Click here to view eight (8) sample pages of the Start A Business Checklist

How to Use: Although you have probably already decided that you want to start a business, this Checklist covers a range of items you may not have yet considered. Each module has a simple process that allows you to take an inventory of all the factors and actions necessary for success. This can be done quickly and easily and will rapidly identify areas that will require you to seek additional information or to conduct more research. Beside each question or action item is a space for making notes that will help facilitate the evaluation process and serve as a reminder to follow up on certain items.

In all areas where you are lacking information or business expertise, seek out the counsel of Attorneys, Bankers, Certified Public Accountants, or Consultants with specific expertise. Some government agencies in your local area may also offer free information or counseling services. This process will no doubt consume a fair amount of time and generate much discussion between yourself and knowledgeable individuals. Take the time necessary to fully explore the knowledge that exists within this group of experts. This is a time to establish relationships that may be helpful if you "hit a few bumps in the road" during either the startup or operational phases.

Additionally, there is a section in this document that offers Alternatives to Starting a New Business. If you have a great idea, but for various reasons such as timing, financial, family, or professional obligations you decide not to move forward with your venture at this time, perhaps one of these alternatives may be a better choice. Scroll down to the Checklist Outline that itemizes the vast spectrum of topics covered in this valuable checklist.

Important Note: Without exception, every one of the clients I counseled who had a business that was not succeeding or was experiencing some level of financial, or marketing difficulty had either not developed a detailed business plan or had never constructed a Cash Flow Statement that was founded on good market research and a conservative sales forecast. Doing a thorough job on these two critical components could have prevented many of the very costly operational or business start-up mistakes that typically occur. Importantly, problems should be identified and corrected during the business planning stage, not after you have opened the doors for business.

Warning! Before you invest all your savings, tap your retirement account, forego the allocation of money into a college fund for your children, take money from your home equity line of credit, sell your investment portfolio, give up a vacation home, or quit your job, please carefully and honestly consider all of the topics of discussion in this checklist. Most individuals who have started a business have never completed a self-assessment process as comprehensive as this one, which is probably one of the key reasons for the high failure rate of new businesses. You owe it to yourself to complete this assessment process. Make an investment in yourself by purchasing the Personal Readiness To Start A Business Checklist by using the "Buy Now" Button below, and then, more importantly, conduct the assessment! You will be glad you did.

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Next Best Step: If, after taking this assessment you believe you are truly ready to start a business, then consider the Start a Business Checklist - Implementation. This Checklist will help you minimize mistakes and prepare you for a successful launch of your business. The same 300+ questions and action items are asked but included in this checklist is a comprehensive format and process to help you manage priorities, due dates, and the resources required to launch your business. Additionally, there are Summary Charts and Tables showing the various Business Entity Types, a discussion of The 13 Worst Business Start-Up Mistakes, and a section on some Viable Alternatives to Starting a New Business. Also included is the complete Business Planning Guide (described below) that will guide you through the process of How To Write A Business Plan. Note: If you decide to purchase the "Start A Business Checklist-Implementation", DO NOT buy the "How To Write A Business Plan Guide" as it is included.

The How To Write A Business Plan Guide is designed to provide a process for creating several variations of a business plan with each variation used for a specific purpose. This guide features a One Page Executive Summary Format, a Simplified Model for a Business Plan, guidance for Creating a Comprehensive Business Plan, instructions for How to Use the Business Planning Guide, a discussion of The Business Planning Process, helpful Tips for Writing the Business Plan, a sample Business Plan Outline, a Business Plan Outline Description, 2 sample Cash Flow Statements that are downloadable for your business plan, 22 Market Research Sources, and 27 possible Funding Options. A comprehensive business plan that is well-written, based upon market research, and is supported by a conservative and thoughtful Cash Flow Statement will provide a structure for helping to make your business successful.

If you are serious about launching your business, this is the checklist for you. See a complete description at Start a Business Checklist - Implementation.

 

Satisfaction Guaranteed - 100% Risk Free

I want you to feel completely comfortable before you order.

Since I know from personal experience that the information contained in this Checklist is so valuable, I will personally guarantee your satisfaction!

The Personal Readiness To Start A Business Checklist comes with a No-Questions-Asked, No-Hassle, ONE MONTH MONEY BACK GUARANTEE. If you honestly feel that if after using this Checklist it hasn't provided you with good business information, hasn't helped you understand many of the aspects of starting a business, hasn't saved you time or money, and hasn't made you more knowledgeable from a business perspective, then email me anytime within 30 days of the purchase date and I will refund the full amount you paid (Note: This guarantee applies ONLY to serious entrepreneurs who truly desire to start a business and NOT to consultants, students, educators or curiosity seekers). Satisfaction Guaranteed!

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Quantity Discounts: Volume pricing at substantially reduced discounts off the retail price based on print quantities is available if you anticipate frequent usage of the checklists or are part of an organization such as a bank or economic development agency that provides goods or services to start-up businesses and would like to use the checklist as a marketing/business development tool. Additionally, the opportunity to "brand" the Personal Readiness To Start A Business Checklist with your company's cover page, letter of introduction, and your logo is available.



OUTLINE

PERSONAL READINESS TO START A BUSINESS -
A SELF-ASSESSMENT CHECKLIST

 

I. ENTREPRENEURIAL CONSIDERATIONS:

A. Am I Ready for Business Ownership.
36 Topics to be discussed and evaluated
B. Important Business considerations.
18 Topics to be discussed and evaluated
C. Professional Considerations.
9 Topics to be discussed and evaluated
D. Understanding Your Personal Financial Risks.
16 Topics to be discussed and evaluated
E. Family conversations You Must Have.
7 Topics to be discussed and evaluated
F. Improving Your Chances for Success.
24 Topics to be discussed and evaluated
G. Understanding the Cash Requirements.
23 Topics to be discussed and evaluated
H. Return on investment.
6 Topics to be discussed and evaluated
I. Where to Locate Your Business.
24 Topics to be discussed and evaluated
J. Should You Buy an Existing Business.
26 Topics to be discussed and evaluated
K. Sharing ownership of Your business.
8 Topics to be discussed and evaluated
L. Purchasing and inventory Options.
19 Topics to be discussed and evaluated
M. Pricing your products and services.
9 Topics to be discussed and evaluated
N. Marketing your products and services.
12 Topics to be discussed and evaluated
O. Selecting and training Personnel.
14 Topics to be discussed and evaluated
P. Important Management Decisions.
11 Topics to be discussed and evaluated
Q. Laws and Regulations.
10 Topics to be discussed and evaluated
R. Tax and Insurance Requirements.
10 Topics to be discussed and evaluated
S. Leaving the corporation behind.
13 Topics to be discussed and evaluated
T. Keeping up to date.
9 Topics to be discussed and evaluated
U. Protecting your company's most valuable asset - yourself.
32 Topics to be discussed and evaluated
V. Alternatives to Starting a New Business.
W. Bio - Jim O'Donnell
X. Other Checklists Currently Available

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Click here to view the Personal Readiness To Start A Business Self-Assessment checklist Outline

Click here to view eight (8) sample pages of the Start A Business Checklist

 

 

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