Question

Answer all 10 questions about having a Business in the " AUTOMOBILE INDUSTRY "

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1. Do I have the persistence and patience necessary to be a business owner?

2. Does this business idea really energize me? Am I really excited about it?

3. Can I generate enthusiasm about my idea from others?

4. Am I convinced that I am exactly the right person to own this business? Can I articulate why?
Self-confidence is important in the success of the business. You must believe in yourself before others will believe in you.

5. Do I have the commitment necessary to put aside other interests to focus my energy on this business?

6. Am I able to quickly recover from setbacks and not take things personally?

7. Who will support me in this endeavor?

8. Do I have enough financial reserves to carry me until I am profitable?

9. What weaknesses do I have that may get in my way as I start this business? What will I do about them?

10. What is my intuition telling me about this venture?

Answer 1

1. Of course! I have patience and persistence to be a business owner. Else why would i step in?

2. Yes! This business idea really energizes me and excites me. Its a booming industry and can make a good amount of money, if some hard work is done.

3. Yes, i can generate enthusiasm from others on my idea by asking their opinions and suggestions. They might share their views and concepts about this business and industry. Also i think, i should be enthusiastic even if others dont comment something good since its my venture.

4. Firstly we become right for the business when we plan and act right only. Its not something which is decided before. It also contains factors like luck, hardwork, teamwork, proper planning. As of now i am confident enough to start this venture with my existing knowledge.

5. Yes, I do have commitment necessary to put aside other interests to focus my energy on this business. I am putting my savings of all these years to make it double and lead a good life. So i believe in my self that i will strive my best to make business successful. All my other priorities and interests fall in second place. Even my family will support me mentally in this mission.

6. Ofcourse i am able to recover quickly from setbacks and wont take things personally as i know this is not an easy game. There will be many challenges and difficulties which i should overcome in each stage. I am ready to face it.

7. I have some money with me to start business and as of support, mental support i will get from my family, friends and relatives. I would like to add 2 of my friends as partners so that i can be managing partner. It can reduce financial risk also.

8. Financial support will be provided by Nationalised bank where i have applied for a Bank loan. They will also provide Overdraft facility, if my income is steady for a period of time. If required i can mortgage my house and land to get more money as advance. So financial part is planned.

9. I am very emotional person so that can be misused by people either my staff or suppliers. But i will try not to show any such emotional elements when coming to business. I would like to be a straight forward person and strict boss. I will use yoga and breathing techniques to stay calm and peaceful always.

10. My intuition is all about achieving success. If it was not in my mind, why would i think of this business. I am all set to start business and ready to cross all hurdles which come on my way. I will not give up and victory will be mine.