Assessing Yourself and Your Business Idea

Four basic factors influence a successful business .....: a qualified entrepreneur, a profitable business idea, a thorough business plan, and adequate capital.

Before you proceed, you should assess both your own entrepreneurial skills and the ..... of your business concept.

If it is not ..... for you and your business concept to succeed, you will not need to spend time writing a business plan and seeking financing.

Many studies have been conducted and even more articles written on 'the right .....' for being an entrepreneur - the primary characteristics of successful business owners.

Self-confidence: the aspirant believes in own ideas and abilities, and ..... that belief to others.

Risk-taking: the aspirant can ..... status quo, explore options and pursue opportunities.

Decision-making: the aspirant has the ability to make ..... choices even in a stressful environment.

Persistence: the aspirant can ..... pursue goals regardless of the energy and commitment required.

Goal-.....: the aspirant can envision a desired outcome, as well as plan and implement the activities required to achieve it.

Begin improvement by reading business magazines and books, enrolling in educational programs, and seeking out a ..... who exhibits the traits you need most.