Focus

Checklist for women entrepreneurs to be successful

It takes a lot of planning, effort and money to start your own business, so determining your current status will assist in future growth and improvement of your business. This is a quiz designed for self-realisation, so that you know what the next step to take is. 
 
The time period that you have been in this business for:    
 
You decided to have your own business because: 

a. Unable to find a good job.
b. Didn't want to work for someone else
c. Pay scales weren't good at your earlier job
d. Didn't get enough recognition
e. Job security was a concern
f. Job was not challenging enough
g. There was no scope for a promotion.
h. Job was boring.
i. Always wanted your own successful business
j. Joined the family business.
k.Other reasons:______
 
You decided to do this particular business because: 

a. Used to work in the same field
b. Have technical skills in this field. 
c.The challenge of this business interested you.
d. The business requires less/ affordable start up funds.
e. Can work from home at flexible hours.
f. Something you saw on TV or newspaper, or something a friend mentioned interested you, or you saw a need.
g. Found out that income would be almost immediate, so jumped right in.
h. Dream was to own a business just like this one.
i. This business suited you in many ways/ it was the best fit.
j. Your previous business led you to this one.
 
Before beginning this business, you did the following: 

a. Consulted  a Chartered accountant/ Lawyer regarding your business idea.
b. Reviewed the current market conditions.
d. Studied the competition to see what they were up to and what their challenges were.
e. Researched the product or service at length.
f. Wrote out a complete business plan.
g. Created cash-flow projections for at least two years
h. Checked out the laws/ permits required and any applicable legal issues.
i. Had money set aside worth six months of income for operating and living expenses.
j. Wrote down short term and long term goals and business growth plans.
k. Created a marketing plan.
 
The funds for your business came from: 

a. Personal funds.
b. Your family.
c. Partially from the bank and the rest from you or your family.
d. Government subsidized loan/ scheme.
e. Money from your retirement savings plan.
f. Business loan.
g. Personal funds plus loan.
h. Bank credit.
i. A high-interest loan, not from a bank or credit company.
k. Other high interest, somewhat risky means.

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