These days as a business coach I keep hearing; “I just got laid-off, should I go into business for myself?”

It’s an interesting question because it involves more than being good at what you do. Solid technical skills do not a business make… I love an analogy a friend that owns a restaurant uses,  “Just because they can boil water, doesn’t mean they can run a restaurant.

Here are 3 key questions to ask your self before going into business.

  1. Can I deliver results? This is more then a technical question— can you keep commitments – on time and on budget?
  2. Am I truly proactive?  Success takes action. Will I go outside my comfort zone? (If you dislike cold calling, complaints and the occasionally crisis… then you might want to rethink going into business for yourself.) Business success takes plenty of marketing. It is the rare business that wins on the concept of ““If I build it, they will come….”
  3. Do I have enough in reserve to survive for at least a year? It is hard to concentrate on success when you are worried about your next meal.

Starting your own business is not for dabblers. It will get tough at times. Only your vision and commitment to being the best will keep you slogging ahead. Keep it simple. It’’s too easy to build in complexity.… Focus on the vision, plan the steps to get your vision, take action.