The Coronavirus pandemic has had a devastating impact on the careers of many working professionals. The Bureau of Labor Statistics has reported record unemployment as a result of layoffs, reaching a high of 14.7% in the month of April. It's no wonder why many women fortunate enough to have remained employed, are contemplating leaving their corporate positions in favor of self-employment. Studies show that women are starting businesses at 1.5 times the rate of men. Even women who are in the latter stages of their careers are taking the risk of turning part-time interests into bonafide businesses.
Though the rewards of starting a successful business are many, the risks inherent in the process make it clear that anyone considering starting their own venture should do a reasonable amount of due diligence. Here are 7 questions you should ask yourself to determine if you're ready to become an entrepreneur.
To Learn More Read: Seven Things to Consider Before Ditching Your Corporate Gig.