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Should you take the plunge?

3/27/2012

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Entrepreneurs are starting small businesses in record numbers since the economic meltdown has left many bright people seemingly permanently unemployed.  Some people say "it's easy!  Everyone should do it!"  Others warn of losing it all, of an underperforming business sucking time and energy away from your family and the chance to look for other options. 

Are you thinking of starting a new business?  There are tons of resources to help you once you get going, but how do you decide that it's the right step?  Merely "needing money" is not enough to turn your idea into a successful business. 

This article outlines some great essential questions to answer before you send in your paperwork to the secretary of state.  While a great idea might be great, be carefully critical of your own skills and experiences so that you know when it's appropriate to bring on help before you have trouble.  A good accountant and a good attorney can work wonders to protect your assets from the get-go, even if you don't think your business has "hit the big time" yet. 
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