3. Are you passionate about the business idea?
I hear all too often that we should only start businesses that are hot right now, rather than what we’re passionate about. I totally disagree. It’s our passion that’s going to get us through the long hours, lean times, and sacrifices necessary to get up and running. It may be easy to start a “hot” business, but it’s a lot harder to sustain something that we’re not passionate about. However, I suggest that you don’t confuse passion with hobbies. Keep your hobbies for stress relief, but understand a business is not a hobby. A business requires a lot of hard work, time, often capital, and support.
4. What’s your ideal vision for balancing your business and home life?
Take a look at what you love about taking care of your home and personal life, what you absolutely feel you must own and do yourself versus what you can outsource. Let’s take cleaning as an example. Some women love to clean, others do not. Is your Sunday morning better spent cleaning or is that something you can outsource, which in turn gives you a few hours on Sunday morning to read business periodicals or do some office work. Without the infrastructure of an office, owning your own business is a juggling act that involves intensive time-management.
I know you may be scared right now, but don’t be! If you’re passionate about your idea and recognize the work needed to do it, you should strike while you are hot. I don’t regret for a minute what I have given up to watch my business baby grow while my human babies beam with pride as I show them what hard work and discipline can create.
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