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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 possiblyknow if you're ready for that step? Small-business experts Jeffand Rich Sloan of StartupNation.com, a business-advice website, suggestanswering 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 isin order for you to start out the right way."
  • How does the business idea fit into your broad lifeobjectives? "We advocate doing your life planning beforeyour business planning," says Rich. You should have arealistic idea of what you want and how your business willcontribute to your lifestyle.

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