Are you Ready?
1.1 Are you ready?
Operating a small business is not just about working for yourself, it's also about having the necessary management skills, industry expertise, technical skills, finance and of course a long-term vision to grow and succeed.
Entrepreneurship offers many rewards, but you must be prepared and committed. Take whatever time is necessary to determine if you are ready; this will be time well spent.
Take the BDC Self Assessment Questioner to verify if you are ready to manage your own enterprise?
This is an SBA assessments tool which is designed to help you better understand your readiness for starting a small business.
1.2 The Right Business for You
Once you have decided you have the characteristics of a successful entrepreneur and that you definitely want to go in business, then you must identify, decide and assess which business is best for you.
Business ideas are all around you. They are lurking in your garage, in your basement, in your kitchen, and in your children’s room. You’ll find them in magazine ads, at your neighbor’s house, and at work.
1.3 Evaluating a Business Idea.
This is an Allied Focus self-paced, online questioner producing personal reports evaluating Business Idea.
1.4 Protecting Your Ideas
Intellectual property plays an important role in an increasingly broad range of areas, ranging from the Internet to health care to nearly all aspects of science and technology and literature and the arts. JIPO's Guidelines.pd
You need to be realistic about what skills you will bring to the business. This includes both business and technical skills, and also personal traits such as how you cope with risk and your ability to sell or to organise your work.
Some typical business skills:
Access your Readiness
Skills Self Assessment
Here is a tool developed by Business Development Bank of Canada to help better measure your entrepreneurial potential. This questionnaire includes 50 statements, and will take about 15 minutes to complete. There are no right or wrong answers. Your honest rating is what counts.
· SBA Checklist For Starting A Business
Are you ready to start is a business assessment tool is designed to help you better understand your readiness for starting a small business. It will prompt you with questions and assist you in evaluating skills, characteristics and experience – as they relate to your preparedness for starting a business. Your responses will be scored automatically and an assessment profile provided, when you click the submit button.
Choose a business idea
Once you have decided that you have the characteristics of a successful entrepreneur and that you definitely want to go in business, then you must identify, decide and assess which business is best for you.
Protecting Your Ideas
Intellectual property plays an important role in an increasingly broad range of areas, ranging from the Internet to health care to nearly all aspects of science and technology and literature and the arts.
SBA online Small Business Primer
This is an SBA self-paced, online small business primer course. It is designed to assist individuals who are thinking about starting a small business or who are in the early stages of running a business.