Dhaka: Dreaming is easy, but turning that dream into reality is a challenge. Sagar Ahmed, who has been working in the marketing department of a textile machinery importer for the past 10 years, also has such a dream. He has long-standing relationships with foreign sellers and domestic buyers, sufficient experience and capital. Still, he cannot muster the courage to quit his job and jump into business. The reason? He is still not sure about some things.
Starting a business is like jumping off a cliff into a river. If you succeed, the story will be amazing, but if you fail, the list of losses is long. So before taking a risk, you need to make sure that the ground under your feet is solid. In this report, we will discuss 11 important things that you need to check before starting a business. These steps will help you build your dream business on a solid foundation.

1. You have a profitable product or service
   Just starting a business with an idea or prototype will not do. Businessman Rakib Hossain says, “You need to test whether your product or service will work in the market or not.” You need to have something that will actually bring profit. There must be a proven business model behind it. If you want to work with textile machineries like Sagar, then make sure that it is in demand in the market and has the potential to make a profit.
2. Real buyers have been created
   You would be wrong if you think of family or friends as buyers. Business consultant Faruk Ahmed says, “When strangers go beyond your acquaintances and buy your products, then your customer base can be said to be created.” If your products are limited to acquaintances only, then it is not time to think about the future of the business yet.
3. Long-term capital is available
   It may take 2-3 years for the business to become profitable. During this time, you will have to cover your daily expenses and business investments. Economist Selim Rahman says, “It is important to have capital so that you can survive even if the business does not make a profit.” In Sagar’s case, he has savings, but is it enough to run for 3 years? It is not right to take risks if it is not certain.
4. Business is more enjoyable than a job
   Sagar loves his job, but the challenge of business attracts him. Entrepreneur Nasrin Akhter says, “If business gives you more pleasure than a job, then think about taking it completely.” If the pressure of business makes you restless, then you may regret it without job security. Make decisions based on your own state of mind.
5. No threat from big competitors
   As a new businessman, competing with big companies is difficult. Businessman Alamgir Hossain says, “Big companies can push you out of the market by offering products at low prices.” In Sagar’s case, if he faces big companies in textile machinery, it will be difficult to survive. So check the level of competition.
6. Business will last 3-5 years
   Statistics say that half of new businesses close within 5 years. Business coach Reza Khan says, “Don’t jump in without seeing the long-term prospects.” Market research, expert advice—through these, ensure that your business is strong enough to survive.
7. Have control over yourself
   You are your own boss in business. But this freedom brings danger without discipline. Entrepreneur Sohel Rana says, “If you cannot discipline yourself, the business will not run.” If Sagar cannot organize himself without a job routine, then it is risky to go into business. Check your discipline.
8. Become an expert in the field
   Sagar is skilled in textile machineries. This is his strength. Business analyst Mahbub Alam says, “Don’t start a business in a field where you are not a master.” Jumping into a new field without experience increases the risk of failure. Be confident in your skills.
9. Have a strong network
   Relationships are the capital of business. Sagar’s connections with foreign and domestic buyers are his great asset. Entrepreneur Farzana Begum says, “Banks, suppliers, buyers—business is easier if you have contacts in the right places.” Check how strong your network is.
10. Have a mentor or advisor
    An experienced mentor is invaluable for new businessmen. Businessman Shafiqul Islam says, “My mentor’s advice saved me from many mistakes.” Sagar also needs someone to guide him. Do you have someone like that?
11. Gained mental toughness
    Pressure will come in business. Successful entrepreneur Ruma Akhter says, “If you can’t handle the pressure, your business won’t survive.” Sagar needs mental strength to handle his family responsibilities and the uncertainty of his business. Are you ready?
    Final words
    Leaving the security of his job to enter business is an act of courage. But this courage must be planned. Check these 11 things to make sure you are ready for the risk. If you dream like Sagar, then start this journey with a cool head. Success will come within your grasp if the foundation is strong.