Self-employment as one of your five explorations

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If you choose to do “Self-Employment” as one of your five explorations, answer the following questions. Imagine that you would like to become self-employed. Be sure to number your answers to the following questions: 1) What type of business would you like to own? 2) How would you create this business (create the business yourself, purchase an existing business, or become a franchisee)? 3) Depending upon your answer to question 2 - how would you get started? List 3 or more steps that you would need to take. 4) How much time would you expect that you would need to devote to your business each week (in the first year or two)? 5) What specific business skills will you need in order to succeed? 6) What KSA's and personal traits will it take to succeed? 7) How much money do you expect it will take to start the business (a rough estimate is fine - but consider the costs of rent, products/materials, employees, insurance, utilities, and the amount you expect to draw in salary so that you can continue to pay your expenses while starting your business). 8) Do you feel that owning your own business is a good fit for you? Why or why not?

Reference no: EM132220006

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