Thinking of starting and running your own business? If you have are satisfied that there are good reasons for you to do this, the next key set of questions to ask yourself and think about are about yourself and your potential to be a successful business-person. This is because developing your own business is very much about you - it's your decision and choice, and if it is truly going to be your business, it means no-one else can do it for you and you have to carry the responsibility.
So how suited are you for the tasks facing you? What capacity do you have to carry the business through to success? What strengths have you got that you think you can rely on? And what weaknesses are you going to have to do something about? Starting and running a business is complex and so are you! Check yourself out with a simple analysis of what capacity, areas of skills and expertise the multi-tasking sole trader needs.
Twelve aspects of personal capacity in four broad management areas are given for you to think about. Just looking at them will raise your self-awareness of what being an entrepreneur demands from you. Think of how strong or weak you feel in relation to each aspect - how ready are you for this or are you going to have to learn and 'up your game'? If it helps you to reflect and come to conclusions, score yourself on a strength to weakness four point scale, where 1 is strong and 4 is weak and there is no middle point (where you can 'sit on the fence')!
AREA (1) INTERPERSONAL ROLES - how well will you relate to others and communicate your ideas?
- As a leader - figurehead: to be recognised as the owner-driver of your business?
- Negotiator: getting the best deals for you and your business?
- Manager - supervisor: getting the best from others who support you?
AREA (2) INFORMATIONAL ROLES - how well will you help others to contribute to your success?
- Promoter - disseminator: sharing your vision, ideas and business practice?
- Representative - spokesperson: putting your business on the map?
- Networker - liaison: building business relationships in the marketplace?
AREA (3) DECISIONAL ROLES - how well can you control the life of your business?
- Entrepreneur - initiator: starting up and driving the business forward?
- Crisis manager - disturbance handler: solving problems, when things don't go to plan?
- Resource allocator - time manager: managing yourself and the business?
WORK MANAGEMENT ROLES - how well can you ensure business success?
- Evaluator - reflector - learner - planner: directing the development and growth of yourself and the business?
- Monitor - Maintainer: enabling the business to be on track, day-to-day?
- Completer - finisher: seeing things through to the end in every part of the business?
No-one is good at everything but if they know themselves and have a desire, anyone can learn to be successful!