how would one start a business of their own?

Question

just curious if anybody knows the answer then I will be gadly appreciative your awsome answers

Answer 1

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:

* How to Really Start Your Own Business, Fourth Edition by David E. Gumpert
* How to Really Create a Successful Business Plan: Step-by-Step Guide by David E. Gumpert
* What No One Ever Tells You about Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business) by Jan Norman
* Business Start-Up Kit by Steven D. Strauss
* Start Your Own Business (Entrepreneur Magazine's Start Up) by Rieva Lesonsky

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

The first thing you need to do is decide what kind of business you want. Look at the possible competition and demand for your business where you live. Take a hard look at the cost of inventory and licensing, health issues and employees needed.Do not forget about the cost of taxes for employees earnings and all the paperwork necessary. Most business operations take some time before they make a profit and you will need enough money (working capital) to get over the dry period when expenses exceed the income. Remember it takes long hours and innovative planning to succeed.

Answer 3

Take a small business management class at your local college.

Answer 4

First you must have a vision!