You will need certain skills and experiences to start and run a successful business. Many business owners hire personnel to supply the skills that they lack. Below are a few questions you should answer to help you identify your skills. By answering the following questions, you can identify the skills, abilities, knowledge, and experience you possess or lack.

1) Do I have any skills to start and run a business?
2) Do I have any formal or informal business training?
3) Do I have any experience in a business similar to the one I plan to start?
4) Do I know what skills to look for when hiring personnel?
5) Will I be able to determine if the applicants meet those skills?
6) Do I have the time and resources to get additional training?
7) Can I use the skills I already have in this business?
8) Do I have good people skills?
9) Will I make a good supervisor?
10) Do I have the financial or record keeping skills to run a business?

After doing an analysis of your skills, you can then determine which business is right for you. If you like working with people, you would not be happy with a job working on a machine in an area where there is no contact with the public. If you want more control in your life, then you probably would not be happy in a partnership. Do you consider yourself a morning or night person? If you like working at nights, then a

24-hour copying business would be appropriate for you.

Do you consider yourself as a friendly service -minded person who is willing to help others? If so, then you would do well in a business that deals with providing a service to customers on a one-on-one basis. Many people with these characteristics often participate at craft fairs, trade shows and conventions because they like dealing with people.

Do you like being a leader and handling responsibilities? Then you would enjoy working in a position where you are the boss and can make all the decisions. In a position like this, you will be responsible for yourself and for others. To me, “Recognizing the skills that you do not have and getting someone in your organization to do that work is a form of good management.”

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To the new and experienced entrepreneurs, getting help with your small business is very crucial to your success. Getting the right help will cause you to avoid costly mistakes, and it can also help you to save a lot of time, money and energy. You will need to get the right help to form the legal structure of the business, financial, management, procurement/certification, marketing, pricing products, preparing a business plan, and more. If you are a business owner who is wondering if you can take your business to new heights, contact Dr. Waters at tina.waters@waienterprises.com