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First Step in Starting a Business: Introspection

Hard questions to ask yourself before you up and start a business

This story appears in the July 2003 issue of Teen Startups.

The first step in starting a business is not writing a business plan. Nor is it raising money, nor attending conferences, nor hiring consultants, nor holding focus groups. The very first step must be a rich and honest conversation with.yourself!

Introspection--the detailed self-examination of your motives and feelings--is a critical first step. Many entrepreneurs who fail bypass this exercise. Being true to yourself, especially as a teenager, is important. Ask yourself these questions:

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