Osceola Area Chamber & MainStreet Program
  • Home
  • Business Directory
  • Membership
    • Top 10 Reasons to Join
    • Why Belong
    • About Us >
      • Purpose
      • Board of Directors
      • Community Champions
      • Community Champion Investment
      • Advisory Council
      • Ambassador Program >
        • Customer Service Award Nomination
      • Grow Osceola
    • Join
    • Market Your Business
    • Membership FAQs
  • Volunteer
  • News/Events
    • Love Your Local
    • Doe on the Go
    • Picnics to Go
    • Osceola Town Calendar
    • Osceola Spring Fling
    • Celebrate Osceola
    • Osceola Harvest Bazaar
    • Valley Brew Fest
    • Light Up Osceola
    • Chamber Activities Calendar
    • Ribbon Cuttings
    • Osceola Doc Walks
    • Bird City Celebration
    • E-Newsletter Signup & Archives
  • Blog
  • Visit Osceola
    • Local Attractions
    • Area Attractions
    • Shopping >
      • Shop Small
      • Shop Local Bags
      • The Looking Glass
      • Wildwood Flowers
      • Studio A Salon and Spa
      • Uptown Gifts
      • Croixland Leather Works
      • Simple Living
      • The Granary Frame Shop
      • Sodie's Cigars Shop
      • Karita's Shoppe
      • Neumann Farms
      • Red Bird Music Store
      • Valley Spirits
      • Osceola Country Store
      • Dick's Fresh Market
      • Bill's Ace Hardware
      • Watershed Cafe
      • Osceola Interiors
      • Adoray’s Treasures from the Heart
      • Coming Home
      • Style Escape
    • Dining >
      • Lucky Panda
      • Caribou
      • PY's Saloon & Grill
      • Dick's Fresh Market 2
    • Lodging
    • Things to Do >
      • Fall Itineraries
      • Winter Itineraries
      • Family Guide
      • Outdoor Adventures
      • Trails >
        • Hiking
        • Biking
        • Birding
        • Rivertown Trails Coalition
        • Walkable Community
      • Farm to Table
      • Romantic Get-Aways
      • Wine, Cheese & Chocolate Tour
    • Historic Downtown
    • Culture and Heritage
    • Map of the area
    • Remarkable Osceoleans
  • Main Street Community
    • Luminate Downtown Donation
  • Business in Osceola
    • Osceola Overview
    • Relocate Your Business
    • Area Schools
  • New Business/Entrepreneur Toolkit
    • Business ToolKit Table of Contents
    • Utilities Quick Ref Guide
    • ToolKit 1. Self-Assessment
    • ToolKit 2. Do The Market Research
    • ToolKit 3. Consult Experts
    • ToolKit 4. Plan
    • ToolKit 5. Do The Paperwork
    • ToolKit 6. Launch
    • ToolKit 7. Continue Learning
    • ToolKit 8. Enjoy The Challenge
  • Contact Us
    • Volunteer Sign-up
  • Memorials
  • Photo Contest
  • Annual Report 2019
  • Postcard
  • Osceola Strong
    • Osceola to GO-Restaurants
    • Osceola to Go-Other Businesses
    • Osceola Strong Donation
    • Tips for Retailers
  • Market & Economic Info

Business Toolkit
Self-Assess

Picture
Self-Assessment

As an entrepreneur, you will be expected to wear many hats; accountant, manager, sales representative, marketer, etc. Of course, nobody is an expert in all of these elements, but understanding which areas present the greatest challenge can help offset these areas by recruiting knowledgeable individuals to be part of your advisory team or by proactively hiring outside professionals where necessary. Some common challenges faced by first-time business owners that you may want to consider in advance are highlighted below.

  • Identify your goals for your business in the short and long term:
    • Financially, do you need to break even? Replace your current salary? Achieve a specific revenue target?
    • Personally, how will you define success and find motivation? Customer feedback? Industry networking? Meeting a specific identified market need? Serving a specific population?
 
  • Identify areas of expertise that you will need to cultivate:
    • What skills do you need to acquire or hire? Who do you know that has these skills?
    • What type of support system do you have? Are there other entrepreneurs in your circle that you can turn to for advice or support?

  • How will you make the decision to sell or close your business, if necessary? What concessions or changes to your business model are you willing to make to be successful?
    • Many entrepreneurs fail to recognize when it may be necessary to walk away from a specific property, customer or product line when they have invested time and effort in these efforts. Similarly, recognizing when an initial business vision may not be viable and being willing to adapt or change can be difficult for passionate business owners.

In addition to practical knowledge considerations, individual personality traits can influence how you perceive your businesses success and challenges. Several self-assessment surveys are available at the following links that provide factors for considerations and which will allow for greater reflection on individual strengths and weaknesses that can and should be addressed in your business plan. Keep in mind that there is no single ‘entrepreneur’ personality, but that different types of entrepreneurship require different skill sets, and will result in different management styles. Understanding your personal needs, objectives and goals can help set realistic expectations and establish a reasonable path for your specific business.

Here are some tools to help guide you through the process:


Self Assessment: http://wrdf.org/wp-content/uploads/Entrepreneur-Self-Assessment-Survey.pdf
Entrepreneurial Assessment: http://www.brcdixie.com/sbdc/selftest/




Contact Us:
Osceola Area Chamber and Main Street
PO Box 251
Osceola, WI 54020

715-755-3300

Info@myosceolachamber.org
Thank you to our 2021
​Community Champion Partners​

Copyright © 2017 Site Designed and Built by SCVL​
  • Home
  • Business Directory
  • Membership
    • Top 10 Reasons to Join
    • Why Belong
    • About Us >
      • Purpose
      • Board of Directors
      • Community Champions
      • Community Champion Investment
      • Advisory Council
      • Ambassador Program >
        • Customer Service Award Nomination
      • Grow Osceola
    • Join
    • Market Your Business
    • Membership FAQs
  • Volunteer
  • News/Events
    • Love Your Local
    • Doe on the Go
    • Picnics to Go
    • Osceola Town Calendar
    • Osceola Spring Fling
    • Celebrate Osceola
    • Osceola Harvest Bazaar
    • Valley Brew Fest
    • Light Up Osceola
    • Chamber Activities Calendar
    • Ribbon Cuttings
    • Osceola Doc Walks
    • Bird City Celebration
    • E-Newsletter Signup & Archives
  • Blog
  • Visit Osceola
    • Local Attractions
    • Area Attractions
    • Shopping >
      • Shop Small
      • Shop Local Bags
      • The Looking Glass
      • Wildwood Flowers
      • Studio A Salon and Spa
      • Uptown Gifts
      • Croixland Leather Works
      • Simple Living
      • The Granary Frame Shop
      • Sodie's Cigars Shop
      • Karita's Shoppe
      • Neumann Farms
      • Red Bird Music Store
      • Valley Spirits
      • Osceola Country Store
      • Dick's Fresh Market
      • Bill's Ace Hardware
      • Watershed Cafe
      • Osceola Interiors
      • Adoray’s Treasures from the Heart
      • Coming Home
      • Style Escape
    • Dining >
      • Lucky Panda
      • Caribou
      • PY's Saloon & Grill
      • Dick's Fresh Market 2
    • Lodging
    • Things to Do >
      • Fall Itineraries
      • Winter Itineraries
      • Family Guide
      • Outdoor Adventures
      • Trails >
        • Hiking
        • Biking
        • Birding
        • Rivertown Trails Coalition
        • Walkable Community
      • Farm to Table
      • Romantic Get-Aways
      • Wine, Cheese & Chocolate Tour
    • Historic Downtown
    • Culture and Heritage
    • Map of the area
    • Remarkable Osceoleans
  • Main Street Community
    • Luminate Downtown Donation
  • Business in Osceola
    • Osceola Overview
    • Relocate Your Business
    • Area Schools
  • New Business/Entrepreneur Toolkit
    • Business ToolKit Table of Contents
    • Utilities Quick Ref Guide
    • ToolKit 1. Self-Assessment
    • ToolKit 2. Do The Market Research
    • ToolKit 3. Consult Experts
    • ToolKit 4. Plan
    • ToolKit 5. Do The Paperwork
    • ToolKit 6. Launch
    • ToolKit 7. Continue Learning
    • ToolKit 8. Enjoy The Challenge
  • Contact Us
    • Volunteer Sign-up
  • Memorials
  • Photo Contest
  • Annual Report 2019
  • Postcard
  • Osceola Strong
    • Osceola to GO-Restaurants
    • Osceola to Go-Other Businesses
    • Osceola Strong Donation
    • Tips for Retailers
  • Market & Economic Info