4 main factors
Current Financial Condition
Individual Personality
Family and Friends Influence
Long Term Goals
a. Choose a business niche
b. Pick a business name
c. Market validation
d. Register your business
Benefits:
1. Be your own boss
2. Pick a lot of skills
3. Financial growth, Income
4. Feeling of ownership
1.affect personal life if you don’t know how to balance the two
2. Extra work hours to validate your business
3. Time, money and resource management can be stressful
4. Keep up with Legal