Are You Thinking About Starting Your Own Business?

Are you just looking around for information? Are you thinking a bout going into business for yourself? Well you found the right place for all of the resources you will need to get you started.

We will discuss the basics here and walk you through the steps you need to consider before you even open the doors.

Some time for planning will go a long way to guiding you on the road to Success!

Here is a simple List of things you SHOULD DO and just as important…………..NOT DO.

TEN DO’S

1. Start saving up money for operating your business.

2. Learn your business by working for someone else in the same business first.

3. Consider the benefits of starting a part-time business.

4. Consider the advantages of operating a family business.

5. Objectively measure your skills and training against potential competition.

6. Learn everything you can about your competitors.

7. Consider a business model that includes things you enjoy.

8. Make a “pros and cons” list describing the business you are considering.

9. Talk to lots of people for advice..Like US!.

10. Talk to an Attorney, Talk to an Accountant.

TEN DON’TS

1. Quit your job before you have completed start-up plans.

2. Consider operating a business in a field you do not enjoy.

3. Risk all the family assets. Limit your liabilities to a predetermined amount.

4. Compete with your employer in a part-time business.

5. Be in a hurry to select a business.

6. Select a business that is too high a risk.

7. Operate a business in which you must have the lowest price to succeed.

8. Ignore the negative aspects of an intended business.

9. Permit entrepreneurial self-confidence to outweigh careful diligence.

10. Start without talking to the Pros…Accountant, attorney, Insurance rep, banker, local government.