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First Step in Starting a Business: Introspection Hard questions to ask yourself before you up and start a business

By Ben Casnocha

Opinions expressed by Entrepreneur contributors are their own.

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

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

  • Am I going to let an adult or peer get in the way of mestarting a business?
  • If someone says my idea is stupid or won't work, will Istop believing in my idea?
  • Am I motivated, tenacious, hard-working and resourceful? Am Iprepared to be a student of life?

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