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VA-NP, Retired biochemist
Category: Finance
Satisfied Customers: 16283
Experience:  Nurse Practitioner
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Is it good financially to go into business?

Customer Question

Is it good financially to go into business for myself?
Submitted: 1 year ago.
Category: Finance
Expert:  VA-NP replied 1 year ago.


Only you know the answer to your question.

Are businesses such as you are envisioning profitable in the short to mid term (60 days to 6 months)?

Do you have resources to fund your living expenses plus your inventory and other business expenses for at least 12-24 months?

Have you any experience in running a business?

Have you taken advantage of local training in entrepreneurship as well as training from the Small Business Bureau?

Have you written a business plan?

All of these are questions that you would need to answer before you could project whether owning your own business would be a good idea or not.

As you can see, there is a lot that goes into whether it would be a good idea for you or not.

Kind regards,