Starting a business

Should you go into business?

When you’ve been working with small business owners as long as we have, you start to notice a few key characteristics in successful owners. If you’re thinking of starting a business, use this checklist to see how many of these attributes you have – the closer the match, the better your chances of succeeding. Try rating yourself on a scale of 1 to 5, where 1 means ‘I can’t identify with that’ and 5 means ‘I strongly identify with that’. 

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Well, how did you do?

If you scored highly, congratulations! You’re well on your way. Don’t despair if your scores weren’t all great though - look at any questions with low scores and see what you can do to improve. Seek advice from as many people as possible and discuss your plans with an ANZ Small Business Specialist. In the end, if you feel this business idea is too risky, there’s no shame in deciding not to go ahead. The main thing is to be honest with yourself about the outlook so you can make a sound decision.

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