Define personal values
Before you start any business you must be aware of yourself: what is good and what is bad according to your moral values, What makes you happy in life, Where you want to be in 5 and in 10 years, Who do you want to be, etc.
There are few abstract questions, categorized in three groups below that will help you find yourself.
Entrepreneurs’ current goals
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Where do i want to go?
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What kind of enterprise do i want to build?
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What risks and sacrifices such an enterprise demand?
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Can I accept those sacrifices?
Evaluates your strategies for attaining entrepreneurs goals
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How will I get there?
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Is the strategy well defined?
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Can the strategy generate sufficient profits and grow ?
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Is the strategy sustainable?
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Are my goals to grow too conservative or too aggressive?
Assess your capacity to execute entrepreneurs strategies
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Can i DO it ?
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Do i have the right resources and relationships?
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How strong is the organisation?
- Can i Play my role?