This is a subscriber-only article.

For a limited time, join Entrepreneur+ and save 50% during our Cyber Monday sale. Use code SAVE50.

Join Now

Already have an account?

Sign in
Entrepreneur Plus - Short White
For Subscribers

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

By Nichole L. Torres

Opinions expressed by Entrepreneur contributors are their own.

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, 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.

Editor's Pick

Related Topics

Business Plans

She Wrote An 'Escape Plan' to Quit Her Job and Move to an Island. Now She's There Generating Nearly $300,000 A Year

"My detailed, step-by-step plan on how I would quit my job and move to a Caribbean island."

Growing a Business

You Hate Taxes. This Viral Content Creator Loves Them.

Tax specialist and content creator Duke Alexander Moore discusses progress over perfection, making viral videos, and helping others become creators.

Business News

This AI Fitness Influencer Makes $11,000 a Month And Was Asked Out By a Celebrity

Aitana López has over 149,000 Instagram followers and brands love her. Is she the future of social media marketing?

Starting a Business

Ask Co-Founder of Netflix Marc Randolph Anything: How to Watch

How to watch the new live streaming episode of 'Ask Marc.'

Business News

'Traumatized': Man Jumps Out of Emergency Exit on Southwest Airlines Plane

The incident occurred late Sunday night in New Orleans.