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CREATING THE PERSONAL PLAN
Company
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Examine your motivation for business ownership
Why am I starting a construction business?
Choose a business based on your skills and interests
Here is a listing of my construction technical skills:
Here is a listing of my construction managerial skills:
Here is a listing of the skills it will take to run the construction business I am thinking about starting:
Here is the part of a construction business in which I am most interested:
Assess your strengths and weaknesses
Which construction business tasks am I strongest at?
Which construction business tasks do I stink at?
This is what it is going to take to sell my product -
Am I willing to do what it takes to sell my product?
Yes
No
Since sales will be the most important task I have to do, do I know how to close a sale?
Yes
No
Establish business goals
What business model have I chosen to use?
What will the business look like next year?
What will the business look like in three years?
What will the business look like in five years?
Establish personal goals
Am I just looking at the construction business as something to do between times when I am working for someone else?
Yes
No
Do I expect the construction business to make me wealthy by producing income?
Yes
No
Do I expect the construction business to make me wealthy by establishing a brand?
Yes
No
Will I sell the construction business at some point in the future?
Yes
No
Do I expect to build a legacy construction business that can be passed to my family?
Yes
No
Assess your financial resources
Do I have sufficient money, or can I access sufficient money, to buy the tools and supplies I need?
Yes
No
Do I have sufficient money, or can I access sufficient money, to carry me and my construction business for at least six months?
Yes
No
Identify your sources of assistance
Where am I going to get information regarding construction business management?
Have I looked at all the information offered on Builder-Resources.com and Builder-Academy.com?
Yes
No
Have I looked into NAHB (National Association of Homebuilders) resources?
Yes
No
Do I know what the SBA (Small Business Administration) has to offer?
Yes
No
Do I know what SCORE (Service Corps of Retired Executives) has to offer?
Yes
No
Have I checked into business courses at a local college or university?
Yes
No
Have I talked to my local Business Development center?
Yes
No
Would I hire myself to run my construction company?
Yes
No
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