Signs you’re not ready for biz

1

. You have a low appetite for risk

Even if your product or service is fantastic, there are a host of snags you can hit, from running out of money to running out of steam. To deal with this risk, "every entrepreneur should go into this with their own timeline" for when they expect the business to turn a profit - and pay its founder a salary.

2

. You have a "scarcity mindset"

This can result in a sense of desperation that can lead you to pursue avenues that hurt your business, rather than holding out for better opportunities. This is a pitfall even for seasoned business owners during down times.

3

. You need a quick profit

Even if you've already started your business, it's not too late to create a plan that will give you a roadmap for how to achieve your goals and stick with your mission.

4

. You don't understand your business numbers If you're not keeping tabs on your financials, you could miss important clues that you need to adjust your plan based on actual rather than projected performance.BUSINESS