2. 10 crucial questions to ask yourself
before opening your own business
1. Can you work in the coming 18 month
without any compensation?
2. Do you agree to be disturb day and night
24/7?
3. Are you optimistic?
3. 10 crucial questions to ask yourself
before opening your own business
4. Do you agree to take responsibilities on more
families beside yours?
5. Do you agree to give up your vacations on the
coming period?
4. 10 crucial questions to ask yourself
before opening your own business
6. Does your spouse agree to take more
responsibilities and to share more
time with your kids and less time
with you?
7. Do you know that you don’t know
and are you willing to learn?
5. 10 crucial questions to ask yourself
before opening your own business
8. Do you know how to deal with failures and
stress?
9. Are you a leader and you know to manage in
turbulence times?
10. Are you healthy
(physically and mentally)?
6. Conclusions
1. “Cash is the king” – look carefully on the
cash flow and not necessarily on the profit
line
2. A lot of money is on the floor and
you need to start to collect it
3. Minimize stock Stock = blocked cash
7. Conclusions
4. DSO , DPO , DIO
5. Look on the value chain and ask yourself
where do you add value? (the importance of
data)
8. Conclusions
6. The right people are in the bus (open
minded, positive, honest, team workers)
7. What are the Key Success factor of
the industry?
8. Do the right things in the right way!
Arena, M.W.B
9. Conclusions
9. Nice to have vs. Must have
10. Make them smile and being part of the success
(the success has many parents and the failure is
orphan.
