What is success? And how will you know if you are there? That’s more than a philosophical question–it’s one we entrepreneurial types grapple with regularly. Sometimes we struggle emotionally, as when we worry that the energy used building our businesses would have been better spent hunting for a real job. More often, our questions are practical: Am I making enough to justify hiring an assistant? Will my business qualify for a bank loan? Can I afford a new laptop? Am I on track here?
Self-assessment is a crucial part of management, as well as startup market research tools, regardless of the size of the business. Unless you know how you’re doing, you really don’t know what to do next. Realistic financial self-appraisal makes for (more…)