6. When will you do this? Another moment of truth—setting deadline. You’re not writing anything in stone, so don’t freak out! After looking at your task list and considering who will help, estimate how long it will take to reach your goal. Note, studies show that people respond better to a shorter window of time. When due date is too far off, it’s easy to procrastinate and lose motivational energy needed to push project through to completion.

7. Why will you succeed? Everybody has strengths and weaknesses. Where do you shine and excel? You want to spend 80% of your time utilizing your strengths, whether that’s organization, creativity, or negotiation. Next devote 15% of your time to learning and research and final 5% on your weaknesses. Most importantly, know why you will succeed now at what you have never reached in past.

8. Why will you fail? If you failed in past because of fear, it’s likely that same fear will trip you up again. Take a bold look at obstacles that have foiled you time and again and devise strategies to avoid, disable, or defeat them. 9. Who holds you accountable? You absolutely need someone in your corner to cheer you on and also to make sure you stay on track. Find someone positive who believes in you and give him power to check on your progress. Consider hiring a professional life coach or consultant who can give you non-judgmental support and a kick in pants at same time.

10. How will you stay inspired? Chances are that road might not run as smoothly as you would like. Things will go wrong. Results might trickle rather than flood to your door. Devise some tricks to help you stay motivated when honeymoon is over. Post your pay off list where you can read it daily. Draw or cut out a picture of what this goal represents and combine it with a picture of you at your best. Add a daily reminder to your virtual calendar, cell phone, or refrigerator door to help you stay focused.

Answer these questions honestly and become your best asset instead of your biggest liability. The future begins today if you have courage to envision and reach for it.

The time between applying for a loan and learning that you have been approved (or disapproved) can vary. If you are disapproved, you may be told almost instantly. If you are approved, it may take a few days though it usually takes longer. It may even take several months to learn whether you or your business has being approved for loan.

Borrowing from Family and Friends

If you don't want to, or can't get a commercial loan, you can consider getting a private loan from family or friends. This is usually real informal. However, you need to be careful because this can lead to ruined relationships.

If you are getting a private loan, it is in best interest of lender to have an agreement put in writing. The written agreement should state principal, interest charged and terms of repayment. This puts lender in better position either write off loan on his or her tax return or to legally come after you.

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article source: A Guide to Starting a Business at www.aguidetostartingabusiness.com