A personal small business analysis involves looking at the strengths, weaknesses and opportunities you bring to running a small business. Each of these factors needs to be carefully considered as it applies to your personal situation. Your next step is to start with writing down what your personal goals are for the business. Are you seeking certain income level? Do you want to grow into a major company or will something small be sufficient? Is this a means of making money so you can do other things or are you seeking a business that is fun in-and-of itself? Describe the ideal business as thoroughly as you can. Make a similar list of strengths and skills needed to run that small business, and the opportunities and challenges that business might face. Once you have your lists, you will have a better idea of what possibilities are feasible. 

For help with questions about personal skills needed for a small business start up, please contact us.