It is important to take time to do some research on what starting a business involves. The following are a few tools and resources you can use to educate yourself. How do I get started in a business? The U.S. Small News Administration provides a wealth of information on starting a business on its website sba.gov under “Small News Planner.”
Are you a self-starter? It will be entirely up to you to develop projects, organize your time and follow through on details.How well do you get along with different personalities? News owners need to develop working relationships with a variety of people including customers, vendors, staff, bankers and professionals such as lawyers, accountants or consultants.How good are you at making decisions? Small business owners are required to make decisions constantly – often quickly, independently and under pressure.Do you have the physical and emotional stamina to run a business? News ownership can be exciting, but it is also a lot of work.How well do you plan and organize? Good organization of financials, inventory, schedules and production can help you avoid many pitfalls.Is your drive strong enough? Running a business takes passion and dedication or it is not sustainable.How will the business affect your family? The first few years of business startup can be hard on family life. It is important for family members to know what to expect and for you to be able to trust that they will support you during this time. In business, there are no guarantees. There is no way to eliminate all the risks associated with starting a small business. But you can improve your chances of success by doing a self-assessment of your personality and current situation. Carefully consider each of the following questions:
If you feel good about your answers to the above questions and you can confidently say that you believe entrepreneurship might be for you, then your next step is to learn more about the start-up process. Before taking any practical steps to starting a business, your first question should be, “Is entrepreneurship for me?”
Celia Núñez is director of the Chemeketa Small News Development Center.
When you are ready to tell others about your business idea and want some further guidance, the Chemeketa Small News Development Center offers business start-up classes and one-on-one advising. Contact us at 503-399-5088 or email email@example.com to learn more. We are here to serve the regional business community! Check out Oregon’s “ News Xpress” website at oregon.gov/business, which provides a startup tool kit and other resources for aspiring entrepreneurs and business owners.
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