Don’t Start A Business Without Answering These Questions

A Forbes writer recently developed 23 questions to isolate “the fundamental reasons for success and failure” for anyone “trying to make money, create a job, or get a better one.” The focus, however, really seems to be on what it takes to start your own business.

Five of the 23 are questions focused on relationships and your network:

  1. Who is my role model?
  2. Do I have the right people?
  3. Am I outsourcing the right tasks?
  4. Do I have the right customers?
  5. Do I have a good lawyer?

I especially liked the author’s comment about the importance of having the right people in your corner: “Having the right people also includes cultivating outside advisors whose opinions you respect and who aren’t afraid to share them—assuming you’ll listen.” Straight out of the myGreenlight playbook.

What questions would be on your “must answer” list for an entrepreneur about to take the leap?

Ritu Walia is myGreenlight’s Member Coordinator.

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