I’ve recently encounter a number of people who speak about starting a business. They want to know the steps to starting a business. I could write down the dozen or so broad topics someone should consider before starting a business, but they would be superior off reading any of the score or more of the books on the subject at their local independent bookseller.
You need to be a student of business and particularly the business you want to get into. A few words from a blogger or some random advice from a magazine is just enough information to be hazardous to yourself and your bank account. Even if you purchase a franchise, you superior study up on the franchiser like you life depends on it. The devil, of course, is in the vast array of details that you can plan for and some more that you’ll never think of until you get to them.
One important thing, don’t quit you day job until your business generates enough money to handle your living style. If it can’t or you can’t adjust your life style to match the business income, keep you current job. For example, if you’ve a sick child and rely on the health insurance from your current job, you better think long and hard about how you intend to replace that life line with your own business.
If you done all your studying and planning and you have your first paying customers in hand then you need to do the post important thing: “pull the trigger” , make the commitment. Until you make that move, you’re not in business.
Entries (RSS)