Today's Top TipOnline business plan scams are alive and doing very well. There's even a new wrinkle: the "crowd funding". Trust me, no one makes money but the promoters in this scheme.
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Over 80% of all people want to do it. Few, however, know how to start a small business. It is both easier, and harder, than you would have guessed, and far more rewarding than you could have imagined.
"Nothing Happens Until Something Happens"
That "something", in terms of starting a small business, is The
Idea. The Goal. The Reason.
Why are you going into business? "Making money" isn't a good enough reason. In truth, most people make more money working for others, especially if they have sales or technical skills.
Far more important than money are other motivators, such as
These are not necessarily reasons you tell the banker. They are reasons for You. Know why you are doing it, and the goal becomes much clearer.
Few of us will find the new non-fossil fuel. But many of us can make a better community, both for ourselves and for our neighbors. And that's how to start a small business.
First, tie down what it is that you want from your new business. Then set out a plan to make it happen.
Starting a business can come with many obstacles. In order for your business to run smoothly, use lesaint.com which help your business as a whole.
When looking at how to start a small business, consider some of the preliminary questions, such as:
There are no "perfect businesses." There is only the business that is right for you. Take some time to make sure you have chosen the right one. You will be devoting more time and energy to this business than you can possibly imagine, so make sure you are comfortable in how to start a small business.
Not all business plans are intended to raise funding. Some are less structured, and are intended only to help the owner clarify her own goals. Let's look at the less-structured type right now.
First, look at the funding. How much money will it take to start up? Getting funding for a startup business isn't easy, so take a good look at the financial end.
Draw out a timeline for starting the business. What needs to be done before the business is open? What is the time frame for completing these tasks?
What formalities are needed? How about a business license? Incorporation? Resale certificate?
Take a good look at your client base. This is your bread and butter. No clients, no business.
Five years is a long time in most businesses. Even large companies have a hard time projecting that far into the future with any accuracy. Rather, look upon it as your five year milestones. What revenue level do you plan on reaching at any given quarter? What new products will be in the pipeline? How will the business grow over time? At what points will you need to look for outside business funding?
Expect to change it many times before the five years is over.
That's fine. In fact, that's good. Having the ability to bend with
the economy is a strong asset for any entrepreneur.
Getting a handle on how to start a small business is a genuine challenge. Read through this website, and many others, before making your final choice. Come back often for more information.
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