Don’t visit a lender until you can answer these 7 questions:
Choosing to go into business for you is a major decision that usually means a commitment to hard work and long hours. As you struggle to build your business, however, you also must be careful not to overdo it and succumb to business owner burnout.
No matter how good the product is- or tastes!- you’ve got to understand what it takes to start and grow a business. You have to assess where you are in your life and think honestly about your ability to manage the uncertainty of starting up. If the timing isn’t right, then don’t force it.
Sometimes, acknowledging that your home-based business needs to move out of the house is as tough as sending your son or daughter off to college. But just like the kids can’t live with you forever, at some point, most home-based businesses will need to leave the nest.