Starting a small business takes a lot of courage. But, as they say, courage does not pay the bills. To be successful – to stay in business – you need more than courage. You need a combination of hard work, skill, perseverance, and lots of luck.
Some things you need to consider:
- "How can I support my family while I build up by business?"
- "What are my abilities?"
- "Is there a market for the product or service I have chosen?"
- "How long will it take this business to reach the financial goal I have?"
Here are six basic steps to launch a new business successfully:
1. Provide a benefit.
2. Determine the fit with your market.
3. Right timing is everything
4. Be ready to support your business
5. Develop a blueprint for success
6. Market, market, market
I recommend that you read the following books:
- What No One Ever Tells You About Starting Your Own Business : Real Life Start-Up Advice from 101 Successful Entrepreneurs
- Starting From Scratch: How To Start A Business When You Don't Have Money
- If You're Clueless About Starting Your Own Business and Want to Know More
- On the Move : How to Succeed and Survive As an Entrepreneur
-How to Make 1000 Mistakes in Business and Still Succeed
If you need guidance in starting a business, there are several places that provides help to starting entrepreneurs. Here are places where you may be able to find a mentor:
- Government Mentoring Programs such as SBDCs, which works with community colleges and local business development councils to offer mentoring programs http://www.sba.gov/sbdc/sbdcnear.html ; or the Women's Network for Entrepreneurial Training http://www.sba.gov/womeninbusiness/wnet_roundtables.html
- Volunteer programs such as SCORE http://www.score.org which is composed of mostly retired executives and entrepreneurs
- Formal mentoring programs such as Athena Foundation http://www.athenafoundation.org/programs/globallinks.html , Helzberg Entrepreneurial Mentoring Program http://www.helzbergmentoring.org/HEMP/ , or The Aspen Institute MicroMentor Program http://www.micromentor.org
- Professional organizations such as the National Women’s Business Council http://www.nwbc.gov/Mentoring/programs.html
- Industry and trade associations
- Local business groups, such as the chamber of commerce
- Local chapters of business groups
2007-02-14 02:20:29
·
answer #1
·
answered by imisidro 7
·
0⤊
0⤋
Something you might want to think about is getting a part time job or summer job at your local vetrinarian, if the opportunity is there. The doggie business is booming, but a lot of pet stores have all kinds of accessories and treats for your dog, but at 19 years old you might not have the cashflow for that type of retail, and I wouldn't recommend getting into selling dogs at all. A dog walking or dog sitting business might be ideal, or a dog grooming business but you'd probably need to get some training for that. All these different things would pay differently of course. For example, if you're thinking of looking into dog-walking, do some research in your area and find out what other people are charging. Then see if you can find an area where the service is needed and charge a competitive price. Good luck!
2016-05-23 22:06:15
·
answer #2
·
answered by Anonymous
·
0⤊
0⤋
Have AT LEAST few months worth of cash in reserve in a bank to tap into. It could make or break your business.
Reach for the stars and make calculated risks. It can be a bumpy ride but it is one hell of a rush once you are through!
Advice should be free but be careful you do get what you pay for sometimes.
Find a mentor, bounce ideas and questions off of them. A good FREE mentor network is SCORE. Look for mentors that will not have a conflict of interest in you.
2007-02-14 02:23:53
·
answer #3
·
answered by R Worth 4
·
0⤊
0⤋
Start a business you know very well. You don't have to like what you do, but, make sure you know it very well. Always keep proper financial records--hire a bookeeper and/or accountant for this. Remember to keep track of your cashflow. Your business could be turning profits, but if your cashflow is poor, you could easily turn a wonderful business into a bankrupt one.
2007-02-14 02:22:04
·
answer #4
·
answered by Muga Wa Kabbz 5
·
0⤊
0⤋
"Do what you love, and the money will follow."
"Carpe Diem"
"The greater part of our happiness or misery depends upon our dispositions, and not upon our circumstances."
"If you don't know what port you are sailing to, no wind is favourable."
"How wonderful it is that nobody need wait a single moment before starting to improve the world."
"Don't be afraid to take a big step when one is indicated. You can't cross a chasm in two small steps."
.
2007-02-14 02:18:33
·
answer #5
·
answered by Anonymous
·
0⤊
0⤋
contact the Small Business Administration with the federal government. they help people all the time.
2007-02-14 02:18:10
·
answer #6
·
answered by wendy_da_goodlil_witch 7
·
0⤊
0⤋
Remember "Rome wasn't built in a day" "Follow your dreams" " You won't know unless you try" "Fire Your Boss" I especially like that last one. It worked wonders for me! Lastly "Go For It"
Good Luck
2007-02-14 05:22:00
·
answer #7
·
answered by Anonymous
·
0⤊
0⤋
Work hard, most millionaires are doing their own thing. You will find economic security only on your own, not with an employer.
2007-02-14 02:18:54
·
answer #8
·
answered by butch 2
·
1⤊
0⤋
Good Luck! I hope your new business is very successful!
2007-02-14 02:20:38
·
answer #9
·
answered by shorty 6
·
0⤊
0⤋
Have a contingency plan.
2007-02-14 02:22:51
·
answer #10
·
answered by Anonymous
·
0⤊
0⤋