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Entrepreneur's Checklist


The Moon by Daniella Hsiung



Follow Your Star, Seek Your Bliss, See Yourself in a New Light!








Entrepreneurial Success – A Checklist/Action Agenda


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Daniela H. says: "I just read The Entrepreneur's Checklist, and now I see the idea of being an entrepreneur beginning to take shape and form in my mind.  I also see I have some work to do, and I know what needs to be done!" 

30 years ago (1979), I started my own home-based business with a list of contacts and a TYPEWRITER.  Times were tough back then similar to what they are today, but I never watched the news, so I didn’t even know.  I just went ahead and did it long before home-based business was even a popular idea.

If you have an entrepreneurial spirit, then I encourage you to become a self-employed business owner.  You will never be happier than you are when you run your own show!

To help you get going, here is a checklist of what seems to me to be important for new entrepreneurs to have as skill sets.  It is not meant to be daunting, but to help you decide what skills you already have, and what skills you will want to strengthen.  Do not be discouraged in any way if you don’t currently have all these skills.

You’ll notice you are asked to choose yes or no, and there is a space for you to put in a priority numeral that will show you what skills you wish to strengthen and in what order, beginning with 1.  You will order your priorities AFTER you respond to all the questions. 

Have fun, and do recognize this inventory is by no means definitive.  You may have strong skill sets that aren’t listed here.  Feel fee to add them in at the end of each section where it says “OTHER”!

I have defined eight categories of skill sets for your consideration as follows:

LIFESTYLE

•    Do you enjoy your own company and/or working alone?
                                  
                 Yes___No___Priority_____

•    Can you arrange for uninterrupted work time?

                  Yes___No___Priority _____

•     Can you balance work and play?

                  Yes___No___ Priority____


•    OTHER__________________________________


PERSONAL DEVELOPMENT

•      Do you believe you can run your own business?

                 Yes___No___Priority_____

•      Do you have self confidence/self esteem?

                  Yes___No___Priority_____

•     Do you believe that you can do what you do better
      than your competition?

                   Yes___No___Priority_____

•      Are you mainly a positive thinker?

                    Yes___No___Priority_____


•       OTHER_________________________________


BUSINESS STRUCTURES AND SYSTEMS


•    Do you have a written mission, goals, and objective statement?

                    Yes___No___Priority_____

•     Do you know what form you business will take?

      (Example:  S Corp, LLC, sole proprietor)

                     Yes___No___Priority_____

•       Do you have a good tax accountant who understands
        small business?

                      Yes___No___Priority_____

•        Do you know how to do business expense/income
         distributions?

                      Yes___No___Priority_____

•        Do you have basic computer skills?

                       Yes___No___Priority_____

•        Will you need licensing, certification, or other
         credentials for your business?

•        Have you created a name for your business?

                        Yes___No___Priority_____


OTHER_____________________________________


SALES AND MARKETING

•         Do you have strong networking skills?

                           Yes___No___Priority_____

•          Have you identified your “warm market”, and did you know your warm market
           has at least 1,000 members?  Yes, it does!  Sheila can help you identify all
           of them!

                           Yes___No___Priority_____

•          Can you script a sales presentation?

                            Yes___No___Priority_____


•          Do you know who your competitors are?

                             Yes___No___Priority_____

•          Do you have a sales-and-marketing plan?

                              Yes___No___Priority_____

•           Have you set aside money for an advertising
            budget?

                               Yes___No___Priority_____

•           Do you know where to get free business cards?

                              Yes___No___Priority_____

•            Do you know you can have a WEBSITE
             TONIGHT that you can design YOURSELF?

                               Yes___No___Priority_____

              (Go to GODADDY.COM!)


OTHER_____________________________________


SUPPORT SYSTEMS

•         Does your family support your entrepreneurialism?

                                Yes___No___Priority_____

•          Do you have support from other business
           Professionals?

                                 Yes___No___Priority_____

•          Is there a professional organization for your area
           of expertise?

                                  Yes___No___Priority_____


OTHER_________________________________________


PHYSICAL/MENTAL/SPIRITUAL

•          Do you have ways to manage your stress?

                                   Yes___No___Priority_____

•          Do you have access to qualified health
           professionals?

                                    Yes___No___Priority_____

•          Do you have a strong spiritual or religious belief     
           system?

                                    Yes___No___Priority_____

•           Do you believe yourself  to be well adjusted and
            comfortable with your lifestyle and identity?

                                     Yes___No___Priority_____


OTHER______________________________________



COMMUNICATION

•         Do you articulate your ideas effectively?

                                    Yes___No___Prioroty_____

•          Do you have some knowledge about the
           importance of nonverbal communication?

                                     Yes___No___Priority_____

•          Can you create and deliver a 5-minute speech?

                                     Yes___No___Priority_____


OTHER________________________________________


MONEY

•         Do you have a financial plan and a financial
          advisor?

                                 Yes___No___Priority_____

•          Can you manage a budget?

                                  Yes___No___Priority_____

•          Can you get used to an uneven cash flow?

                                   Yes___No___Priority_____

•           Do you pay your bills early or on time?

                                    Yes___No___Priority_____

•           Are you able to save 10 percent of your money?

                                    Yes___No___Priority_____

•           Are you confident about your ability to make
            money?

                                    Yes___No___Priority_____

•            Do you have a history of being able to turn an
             idea into cash?

                                     Yes___No___Priority_____


OTHER________________________________________


Choose five NO answers that you would most like to strengthen in yourself,  and place a 1, 2, 3, 4, and 5 in the “Priority” space next to it.  This will give you an action agenda to pursue to strengthen your entrepreneurial skills!  Strengthen number 1, then go to number 2.

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