- Do you like to make your own decisions?

- Do you like competition; do you thrive to win?

- Do you have willpower and self-discipline to stay on course during financial and other difficulties?

- Are you good at planning ahead and getting things done on time?

- Can you seek and accept advice from others?

- Can you adapt to changing conditions?

- Are you able/willing to work 12-16 hour days, maybe six days a week to make it work?

- Are you prepared to earn less in the first 1-3 years?

- Can you afford to lose income and savings to support the business?

- Will this business opportunity meet your career aspirations?

Professional Considerations

- Are you clear on the skills, abilities and expertise you bring into the business?

- Do you know which skills and areas of expertise are critical to the success of the business?

- Do you have these skills or know people who have the skills, abilities, and expertise you lack?

- Are you aware of the major risks associated with that type of business?

- Are any of these risks beyond your control?

- Can these risks bankrupt you?

Requirements for Success

- Does the business serve an unmet need or an existing market where demand exceeds supply?

- Does your business has an “edge” that can put you ahead of existing competition i.e., better price, location, service, etc.?

- Are there any obstacles that can make the delivery of your products/services to the market hard?

- Are there any circumstances that can make financing hard to obtain?

- Are there known factors that can prevent effective marketing?

- Are there any key data, skills or resources you need but cannot obtain?

- Are you prepared to make any change that the market dictates to stay I business?