Remember: A buying business does not require the same skill set as starting a business from scratch does, but it does still require some business savvy at least in its most rudimentary form. You do not need to have a business degree but you do need to be able to follow directions and maintain what the previous owner or the turnkey template creator has set out for you. Your new company can only be as good as you allow it to be. You need to ask yourself this difficult question - and answer it honestly.
Am I Dedicated?
Ah, we've finally come to the question that really matters the most. After all, you can learn to better manage your money. You can learn the skills you need to run a business. But can you learn to become dedicated? Perhaps. But one thing is certain: It is very difficult to change patterns of behavior once they are set in motion. If you have always been a nonchalant person who will "get to it later" and allows procrastination to run your life, owning a turnkey business will likely not be for you.
Certainly you can work from home and set your own hours, but does that mean you will actually get to the work eventually? Will you set the time aside to get down to business? If you can't foresee yourself imposing those sorts of boundaries and demands upon yourself, then a turnkey company might not be what you need. You may be the type of person who needs the structured environment that a 9-to-5 job can offer.
Are You Ready To Run Your Own Business?
So you've been dreaming of how different your life might be if you were your own boss: more money, better hours, more control over your work and how it balances with the rest of your life. But you might be wondering if you're really ready to own your own business.
Here are the six questions you need to ask yourself before you make a life-changing decision:
* Do I have money saved? * Have I done the research I need to? * Do I want to run my own business? * Am I prepared to ask for help? * Do I have the skills I need to run a business? * Am I dedicated?
Your answers to each one don't need to be an unqualified "yes," but you should absolutely know what your answers *are* - having honest information about your commitments, capabilities and resources will make your decision-making easier and any business you do choose to start that much more successful.
My new book, "How To Buy Into Success" can help you make these decisions; it's packed with tips and secrets that others would pay so much more for, and that successful businesspeople already know.
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