Questions

I have a six month old daughter, and I have always wanted to start a business. I am thinking that now is the right time since I am not committed to a full-time job.

I'm now a woman but I have guided a lot of women entrepreneurs over the years. I believe that you are 100% right: not being committed to a full-time job is the best time to start a business.

Few questions to keep in mind while formulating your business.

1. Do you already have a specific business idea? Is there a specific field that interests you? Is there a skill you have that you want / can leverage on?

2. What kind of business do you want to run: a one person business you can run from home or a business for which you want to get an office and build a team that works there? Do you want to create the foundations for a big business or do you want to create a simple business to run? Do you want it to be a business that has a meaning for you or do you want a cash-cow? Do you want to build a business for a lifetime or something you can eventually sell and leave?

3. What is your past experience with business? What kind of jobs have you had in the past? What does your network look like?

At this stage, my best advice is to take the time to think and pilot different ideas. You don't have to get it right from the first attempt and the lean start-up models can help you test a few models before making any significant investment of time and/or money.

There are a few trends / generic differences between men and women starting in business (note the emphasis on "generic / trends"!). I often recommend my female guidance clients to read "Lean In" by Sheryl Sandberg because many have said they can relate to what she talks about. It is therefore great food for thoughts during our conversations to explore the similarities and differences, as well as solutions to move forward.

Is this any helpful? Does this give you a few pointers of what to think about?

If you want to talk more about yourself specifically, feel free to get in touch / book a call: I'm always excited to talk with entrepreneurs like you!


Answered 10 years ago

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