Getting the right answers is important. A lot of business leaders, however, tend to get the cart before the horse. They’re focused on answers when they really need to begin by focusing on the questions. If you don’t ask the right questions to begin with, it really doesn’t matter what answers you get.
If you have an entrepreneurial spirit and approach to business, here are five questions you should be asking yourself—about yourself and about your business.
- Am I the right person to own and run this business? Be specific when answering this. What skills, traits, and intangibles do you possess that make you the perfect candidate for this position? Another way to ask this is: “Would you follow you?” If your not confident in your own ability, who else will follow you?
- Am I genuinely jazzed about this business? Are you doing what you’re doing because it captivates you and inspires you? Does the business energize you—or does it drain you?
- Is my enthusiasm for the business contagious? When you talk about your business ideas and goals with others do they capture you vision? Are you able to pass on your passion in such a way that others “get it”? If not, either your business idea is lacking or your leadership skills aren’t where they need to be.
- Are there weaknesses that will inhibit my ability to be successful? The obvious answer is yes. We all have weaknesses. Can you identify and articulate yours—and can you take steps to overcome them? You may need to tackle these with training, knowledge, or hiring the right people to compensate for your deficiencies.
- Do I have the support I need to see this through? This is about more than have financial reserves. This is about having a core group of people that know you and believe in you. You need people that will challenge you and provide you with insight. You need coaches, mentors, and like-minded colleagues to help keep you on track when things get tough.
This is by no means an exhaustive list of questions, but it’s a good start for any business leader. And if you’d like to explore some additional key questions that you should be asking yourself, I know an award winning business coach who would love to talk to you!
Which question is the toughest for you to answer? What additional questions do you think are critical to ask?