KVAL.com:
Gary E. Smith, an instructor at the Lane Community College Small Business Development Center said a desire to run your own company isn’t enough. He stated four things people should think about before they start their own company.
1. Delegate vs. Abdicate: Someone who delegates is involved in the entire business process and gives someone else a task when they are unable to tackle it. Someone who abdicates puts things off and isn’t involved in the process at all. Smith said this person is not an ideal candidate to run a business.
2. Be good at what you do: Ask yourself if you can compete with the top 20 percent in the market.
3. Know your product: Remember just because you love to do something doesn’t mean people will pay you for it.
4. Resources: Ask yourself do you have the money to survive the start up period?
Photo by Leo Reynolds.