Can you start and follow through on projects without reminders from others?
For your own business, it will be up to you to manage your time, plan, and oversee projects. You’ll need to set deadlines and schedules for yourself—and possibly even for other employees. You’ll have to follow up with customers, suppliers, subcontractors, or others with whom you deal with.
Are you a good decision maker?
When you own a business, you’re responsible for making all the decisions. Some require a quick response, while others require reflection. Not only do you need decision-making skills in both areas, but also you need to be able to tell when a decision should be quick or reflective.
Do you have the personal resources needed to run a business?
“Resources” means more than money. You’ll also need drive, stamina, determination, and more. Running a business doesn’t usually occur only from 9 to 5—for many business owners; it’s more like 12 hours most days of the week. How will you cope with these demands along with the other responsibilities and activities in your life, such as family, friends, education, and other commitments? Can the people in your life provide the emotional support that can help make your business successful? Or are they likely to drain you of much-needed energy?