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Ready for Takeoff?

Ask yourself these questions to ensure all systems are go for your business launch.

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This story appears in the September 2005 issue of Entrepreneur. Subscribe »

Starting a business is a huge under-taking. How can you possibly know if you're ready for that step? Small-business experts Jeff and Rich Sloan of StartupNation.com, a business-advice website, suggest answering these questions before you get started.

  • What is your goal in creating the business? Says Rich, "It's very important to understand what your end-game is in order for you to start out the right way."
  • How does the business idea fit into your broad life objectives? "We advocate doing your life planning before your business planning," says Rich. You should have a realistic idea of what you want and how your business will contribute to your lifestyle.

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