8 things to know before venturing into business

Starting a small business is no small decision.

But despite the countless sacrifices and challenges small business owners face, an overwhelming 84 percent of small business owners would do it all over again.

An entrepreneur’s life can be a real roller coaster. There’s no guarantee of success, and there’s no way to be ready for all the obstacles you’ll face along the way. In spite of the many challenges of entrepreneurship, pursuing a career in this field can be hugely rewarding, and in some cases, life-changing.

1. Are you cut out to go it alone?

2. Why are you thinking of starting a business?

3. Is there a market for your idea?

4. Identifying your customers

5. Do you have the time?

6. Do you have the funding?

7. Watch your cash flow

8. What makes you different?