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Yes you can. However, it may not be the best choice. To make a business successful involves total commitment, time, effort, and money. Personally, I would suggest you list your priorities. In many cases, one will over ride the other, with a possibility of failing at both. Still, read the following carefully, and really think about this. The below are the most common reasons why businesses fail.
- No written plan
- Little or no education in business
- No coach or mentor
- Did not take advantage of appropriate resources (SBA and SCORE for example)
- Lack of start-up finances
- Wrong location
- Lack of collecting and analyzing informational resources (internal and external driving forces to include information on the competition)
- Poor management skills including the inability to appropriately manage material, human, financial, and informational resources to achieve the organizations goals and objectives
- Starting a business for the wrong reasons
- Lack of good advertising to include a good web page
- Lack of a real passion for business
- Lack of contingency planning (risk management)
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