Have you been bitten by the business bug? It’s all very exciting, but check this list first to be sure you’re truly ready to become an entrepreneur.

    1. You feel a burning passion for the product or service you want to market, and you’re not just looking to open a business because you hate your current job.
    2. You’re certain there is a true demand for your product. Research it carefully, survey your family and friends, and get a good feel for the market before you plunge into it.
    3. Your personal finances are in a good place and can handle the risk. Speak with a Wasatch Peaks Credit Union representative to help crunch the numbers and be sure you can swing it financially.
    4. You have the physical strength and the headspace to give your new business your all.
    5. You have a sound financial plan for your business. If you need to take out a loan for your new business, check out our great rates.
    6. You have the full support of your spouse and family.

    Are you a small-business owner? What advice do you have for those who are just starting out? Share your wisdom in the comments!

    Wasatch Peaks

    Written by Wasatch Peaks