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8

Stages of Readiness

Key Points

  • There can be many stages of readiness when considering starting your own business.
  • Some people start their business as a hobby and move to entrepreneurship later.
  • You may be looking for information to determine if this is the right time.
  • It is important to be honest and that there is no judgement here.
  • Areas for improvement can be developed over time with proper training, education, skill development, practice and experience – and then you’ll have a great foundation for entrepreneurship.

Activity

Use your workbook to jot down your ideas to bring to the next workshop:

  1. What is the product/service?
  2. What does it do?
  3. Who are the customers? How many?
  4. How do you believe you will get paid?
  5. Why is this better than the currently available products/services?

Think of an idea that ties into your background: What are you good at? What have you studied? Who do you know with expertise?

Next Steps

Make sure you bring your participant workbook to the next session where we will be looking at analyzing your business idea and turning it into a viable business concept.

Tip: You can't move on to the next lesson in the workshop until you've marked the current one complete. When you click "Mark Complete" you'll automatically be taken to the next Lesson!