Starting a business

Starting a Business: Validate yourself

Personal Analysis


Create this chart:


Column 1: Skills and Knowledge Needed to Run This Kind of Business Successfully

Column 2: Skills and Knowledge That I Have

Column 2: Skills and Knowledge Needed, Which I Don't Have, So I'm Going to Go Out and Hire Someone Who Has Them


(Source: 'What color is my parachute', by Richard Bolles)


Alternative method:

a. Make a list of 5 things you are good at.

b. Then make a second list of 5 things you love to do.

c. Then make a third list of where the first two lists overlap.

d. Read that list. Ask yourself, 'Will anyone pay me to do these things?'


(Source: Daniel Pink)




Your 'Risk' rating: Are you really a risk taker? Or, does debt keep you awake at night? Do I always see the downsides, ignoring the upsides? Do I fear competition from bigger players, or am I confident I can weave a path of success through the gaps of these heavy-footed players?


Every entrepreneur has doubts, second thoughts and fear. Your're not alone.


2. Have a Plan B (and C)

The saying goes like this, 'The Best battle plans go kaput when the first bullet is fired.' (paraphrased)


Thank you for reading.
This guide is from The Success Manual, which contains 200+ guides to succeeding in business, career and personal life.  Get the pdf ebook for $12 only.