{"id":39487,"date":"2023-10-20T15:02:49","date_gmt":"2023-10-20T15:02:49","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/ten-questions-every-entrepreneur-must-answer-before-they-start-a-new-business-startupsmart\/"},"modified":"2023-10-20T15:02:49","modified_gmt":"2023-10-20T15:02:49","slug":"ten-questions-every-entrepreneur-must-answer-before-they-start-a-new-business-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/ten-questions-every-entrepreneur-must-answer-before-they-start-a-new-business-startupsmart\/","title":{"rendered":"Ten questions every entrepreneur must answer before they start a new business – StartupSmart"},"content":{"rendered":"
\"Image<\/div>\n

Whether you’re seeking world domination, freedom or simply a change, jumping out of your comfort zone to enter the wild jungle that\u2019s entrepreneurship is tough.<\/p>\n

Many founders have spoken out about the darker moments of launching new businesses<\/a>, the strain on relationships and personal life, the sweat-inducing struggle for cash flow, and the barrage of other problems like legal battles.<\/p>\n

Hear more on our short podcast series\u00a0The Audacity to Fail\u00a0<\/em><\/strong><\/a><\/p>\n

In The Accidental Entrepreneur<\/em>, Boost Juice founder and Shark Tank<\/em> investor Janine Allis says the latter is almost certain.<\/p>\n

\u201cEven if you do everything right, you are still at risk of being sued,\u201d she says.<\/p>\n

So why do entrepreneurs do it? Why are you doing it?<\/p>\n

Because the reality is, as Happy Startup School<\/a> co-founder Laurence McCahill notes, entrepreneurship is not the easy way out of being another brick in the wall.<\/p>\n

\u201cIf you think starting your own business is all daisies and rainbows, think again. You\u2019ll be building your wings on the way down,\u201d he writes on Medium<\/em>.<\/p>\n

Before you run down that spiral, McCahill calls on every new founder\u2014including the crazy ones\u2014to reflect on the following 10 questions.<\/p>\n

    \n
  1. Why am I doing this?<\/li>\n
  2. What can\u2019t I do?<\/li>\n
  3. What will I never do?<\/li>\n
  4. Who would I love to serve?<\/li>\n
  5. Who will be watching my back?<\/li>\n
  6. Do I really want this?<\/li>\n
  7. Would I do this for the next 10 years (if it wasn\u2019t for the money)?<\/li>\n
  8. How can I be proven wrong?<\/li>\n
  9. What pain do I want to own?<\/li>\n
  10. How am I going to look after myself?<\/li>\n<\/ol>\n

    And after you reflect, the most important thing to do, he says, is start.<\/p>\n

    Read more about each question and how to tackle them in McCahill\u2019s blog post here<\/a>.<\/p>\n

    Follow StartupSmart on<\/em>\u00a0Facebook<\/a>,<\/em>\u00a0Twitter<\/a>,\u00a0LinkedIn<\/a>\u00a0and iTunes<\/a>. \u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

    Whether you’re seeking world domination, freedom or simply a change, jumping out of your comfort zone to enter the wild<\/p>\n","protected":false},"author":2,"featured_media":61365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,26],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/39487"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=39487"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/39487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/61365"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=39487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=39487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=39487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}