Life plan before a business plan

Life plan before a business plan

To really get a good picture of your life plan as an entrepreneur, answer the following questions:

  • What kind of lifestyle do you want to have as an entrepreneur?
  • How big do you want your business to get in terms of profits and staff?
  • Will you have employees?
  • How many hours a week will you work?
  • Do you need to meet the school bus every day or take off every Friday?
  • Are you willing to work seven days a week? If so, how long can you keep that up?
  • Will you need a partner and could you handle working with one?
  • How will you fund your household while you start your business?

You may have a great business idea, but you must decide if it’s a good business for you and your family.  Do not trade a soul-sapping job for a business that you hate.   With a life plan you will have a goal, then you can develop a plan that will lead to personal and professional success.

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