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What are the risks I can face? (Test my venture before I officially…
What are the risks I can face?
My Risks
How I can avoid/minimize them.
Test my venture before I officially dedicate myself to it.
Testing either new recipes or business concepts help when wanting to start a business.
Doing research on how businesses like mine want to be would be a good idea as well.
I need to make sure that this is something I really want to do
Build a good team.
A team that works together make sure they do a great job.
It causes less drama and having a good team means that customers can see how well everyone works together that they may improve how they see the store.
A good team, means that you have a good group that work well together.
Take time to plan
Planing your business venture is one of the most important things to do before you start it.
Planing and doing research can help you figure out how you want to run it.
Planing also helps you figure out if you have a proper market to enter.
Start small
Starting small can also give you a lot of room to grow and improve.
I think it also gives people the opportunity to change their businesses easier if they find out they don't like the particular field they are in.
Starting small is a good idea because should the plan fail, you don't lose as much as you would other wise.
Not knowing how to run it properly.
I feel like I haven't taken enough classes to do it yet.
I still have worries about not being able to run my business properly.
Since I have no experience in the business field, I'm worried it won't work well.
Financial risks
If my idea fails I lose and owe people a lot of money.
I could fall into debt.
I risk losing out on money I invested into the business.
The fear of failure
My anxiety can be a liability because I worry too much about stuff.
Part of my worry is not being able to achieve my goal so part of me is worried I may give it up.
My fear of not being successful holding me back from my goals.