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Self-

Employment

How can my son or daughter start a small business?

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Download and complete this Entrepreneurial Potential Inventory to determine your potential for success as an entrepreneur.

The prospective business owner, and his/her support team, need to be able to describe the essence of the business. Some of the key questions might be:

  1. What product or service are you selling?
  2. Who will produce the product or service?
  3. What are the short and long-range goals of the business?
  4. Who will buy the product or service?
  5. Does the product or service have clear customer benefits?
  6. How will your target market be reached?

Some operational issues also need to be addressed:

  1. Where and how will the product be made?
  2. How will the accounting be set up?
  3. Will there be any benefits implications?
  4. How will the product or service be delivered?
  5. What supports need to be in place?

At this point, it is time for the entrepreneur to take the planning to a more formalized stage, and develop a business plan.

Click on the business consultant below to begin.

 

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