Life style alternatives

Think you have had enough of the nine to five and are ready to take the leap into small business ownership. What are some of the first things you should do before you quit your job? Based on past experience that list could be a mile long. But say if the plan isn’t to talk your-self out of doing it then you don’t want to make it too complicated. However, at a minimum the list needs to be reduced to the critical decision making and planning factors to position your-self for success. The first things that come to mind are do you have enough capital to start and sustain a start-up business, have you selected an area of expertise, is it something you have a passion for, do you have a specific location in mind, have you done your research industry and locally? Have you looked out 5-7 years and tried to access what would be success for you? Have you developed a business plan that is comprehensive enough to generate capital if you need to do so? All of the above are essential even if you are buying an established business because you need to build your model of success not someone else’s.