Ask yourself these important questions and find out.
Are you a self-starter? Entrepreneurship starts with drive and vision. If you're prepared to give 110% and don't need to be pushed to do it, you've probably got what it takes.
Are you decisive? Small business owners need to feel confident in their choices - on the fly, under pressure, all the time.
Are you organized? If your time-management skills are excellent and you are highly detail-oriented, you'll do well running your own business.
Do you work well with others? You’ll need to be in constant contact with vendors, clients, employees, colleagues and other professionals on a regular basis.
Are you a risk-taker or risk-averse? In small business, failure is a frequent fact of life. Are you and your family prepared to give it your all and accept the risks and responsibilities?
Small Business Facts
- A small business is defined as an independent business having fewer than 500 employees.*
- Small businesses employ just over half of U.S. workers.
- Small businesses have generated 64 percent of net new jobs over the past 15 years.
- Seven out of ten new employer firms last at least two years, and about half survive five years.