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Guide to Starting and Operating a small Business
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Being your own boss is wonderfully exciting, but isn’t for everyone. Anyone considering starting a
business needs first to consider if they are suited for it, personally and professionally.
There is no right or wrong answer to each of these questions. This is a self-evaluation to help you think
through critical aspects of your personal and business readiness to be self-employed. It is designed to
help you assess your reasons and qualifications for going into business, to help you set personal and
business goals, consider if this is the right time to start a business, if you have the freedom, flexibility
and resources to start a business, to consider your health and stamina, and how you will balance family
and business.
Suggestion: It is recommended that you bring a completed version of this self-assessment to your first
MI-SBDC counseling session. It will provide a profile of you and your readiness and help your counselor
become acquainted with you.