Why start a business Why Start Your Own Business

It is really important to know why you are starting your own business, knowing your own strengths and weaknesses will help you to plan your business resources more effectively.

Some questions that you may want to consider.

What is your idea of business success?

Example:

• Generating enough sales and profit to provide financial security and support your lifestyle

• To become a market leader in your sector

• Grow your business to sell it.

A good approach is to start with the end in mind, where do you want your business to be in 1,3 or 5 years? This will also help you when you start to plan your business in more detail.