Now that the kids are back in school and the summer is dwindling, you might be feeling a little aimless. This is especially true if you are now kissing your newly-minted kindergartener goodbye at the bus stop and are left with an empty house.
This might be the ideal time to explore that business idea you’ve had rattling around in your head for years. After all, now it’s time for you!
Is Your Idea Feasible?
It’s one thing to have an idea you think is pretty neat, but will people actually want to give you money for it? Do some research to find out if you have an audience for your business idea before you invest any time or money in developing it.
Can You Afford to Quit Your Job?
If you’re currently working, think twice before putting in your notice. The transition from employee to entrepreneur is one that should be made only when you’re ready (especially financially). You can also consider starting a business while still working, and then exiting your job once your company has legs (and profit).
What Don’t You Know?
There are likely many things you don’t know about starting a business, or about the industry you want to launch in. There are tons of great resources online (many free), including:
- Slide presentations
- Online courses
Consider your business education worth investing time and money in.
Get Your Legal Ducks in Order
Starting a business isn’t as simple as just putting up a website. You’ll also need to decide what business structure is right for you and register any business licenses or permits you may need.
Get Your Family’s Support
Living with an entrepreneur will take some getting used to for your family, so make sure they’re a part of the ongoing conversation. If you’ll be working from home, it’s imperative you set up rules about not being disturbed when you’re working.
Starting a business is a fabulous opportunity for you to show your gumption and do something you really love!