How to start my own business?
First get your business plan created. It's very important to know exactly how you will perform business (especially if you are going for a loan or investors) Grab a copy of Business Plan Pro 11 or similar and look through their templates, they will have a template plan that is similar to what you want to do. It will guide you through each section, and by the time your done, you'll know exactly what you're doing. Next make sure to file with the state: Go online and get their business start-up form, fill it out and file it at the state building. It'll cost about $300. This will enable you to start business accounts at the bank (when your business license arrives a.k.a your "Articles") Now you will want to look for a loan from the bank or an investment group. The better your plan looks the better your chances of getting the money you need!
Why do you want to start your own business?
There are a number of reasons why one would want to start their own business. However, to me, it has been fairly clear from the start. Here are my motivations, which I've retained for several years now, since I began:Self motivation: I'm of a self motivated character. I find motivation from my own tasks, not those prescribed to me by others. This leads me onto my next point;Freedom: When running your own business, it can be focussed on the niche that suits you! You don't need to sell someone else's company (and hence the personality they have built to support their company), but a company that depicts you as an individual. This is much easier, and actually helps to create motivation, as you are selling something that is yours, which you believe in!Pay: It goes without saying that being at the top of any business pays more than lower positions. That doesn't mean you'll make a living from the first week! In fact, in most cases it takes around 18 months. However, it does offer a degree of financial security (no risk of being fired), and a pay that you can adjudicate at times (definitely not at the start!). That said, owning a business can be stressful, and the business itself can be volatile (i.e. very susceptible to frequent change).Leading: Some people love to lead, and dread responding to another party. This ties in with freedom in some respects, however, it stretches beyond that. I personally love to lead others. Creating direction, and guiding/teaching others is preferred and comes more natural to me. As a result, I prefer to do this, which is characteristic of having your own business.There are various, less important reasons. However, there are my primary factors, which keep me from ever second guessing my decision to run my own business.All the best!
I need ideas for starting my own home business?
eBay works for me. It is fun, easy, and profitable. You can work flexible hours, as your schedule allows. I am an eBay Silver Level Powerseller. My monthly profit averages $3500. I work about 6 hours a day. The more you work, the more you make. This is an excellent learning resource if you are new to eBay selling http://cgi.ebay.com/Stay-At-Home-Moms-Guide-to-Successful-Ebay-Selling_W0QQitemZ9511531157QQihZ007QQcategoryZ102483QQtcZphotoQQcmdZViewItem Feel free to contact me directly - I am glad to help. atlantagolfshop@yahoo.com Best of luck to you!
What degree will help me the most in starting my own business?
Bcom Entrepreneurship and then go post graduate with an MBA
Should I start my own business after college?
I want to answer this question with 3 different assumptions.Assumption 1: If you are going to a business school. If you are in a business school I would start the business, seriously, while you are in school. Obviously, this would be ideal. I went to a business school and a lot of my classmates started their business while in school and then continued it after they graduated.Assumption 2: You already have experience in the field you want to start your business. So if you have the experience I would take that risk. Write your business plan and get going.Assumption 3: No experience. If you don’t have any experience in the industry you want to start your business I would work in that industry for a while, get some experience, see if you like it, and then start your own business.I hope this helps. Just starting a business without any experience isn’t ideal although you can still do it just hire experienced personnel. And whatever you decide to do, whether to start your own business right after college or after a few years of working, remember to have a business plan. It’ll help in so many ways including financial or getting into incubator or accelerator programs. And It will help you have a better understanding of your industry, market, and where you currently are and where you would like to be.For some freebies on that can help you on this journey click on the link, Kasia Olivares | Business Planning Guide
Am I crazy for wanting to leave to start my own business?
What are the numbers? Yeah, around 90% of all businesses fail. So are you crazy for wanting to leave a steady paycheck to start your own business?Yes. You are likely in for a world of hurt starting your own business. But…You’re also in for the experience of a lifetime starting your own company.Just make sure you are ready for the ride. Here’s what you’re going to have to be ready for. Do you think you can:A. Handle the disappointment of customer after customer saying “No, thank you.”? And, do you think you can handle…B. Having no money on Monday to meet payroll on Wednesday? And, do you think you can handle…C. Your best employee quitting right when you need him or her most? And, do you think you can handle…D. Your expenses being twice as much as you expected them to be? And, do you think you can handle…E. Your revenue growing (if it grows at all) at half the pace you expected it grow at? And do you think you can handle…F. Your employees questioning everything you do? And do you think can, knowing all of the above will happen…G. Stay true to your convictions and keep your business moving forward?Congratulations. You’re got the right makeup to run a business.For more, read: What is it Really Like to be a Startup CEO? - Brett J. Fox
I want to start my own business, any ideas???
My best adavice to you would be to research everything. I am a stay at home mom now as well, only because I did my research. I started my business in November and quit my fulltime job in April. Yes it cost you to start up but you make all that back in 2 parties. I love what I do, I love the fact that I can work when I want, be my own boss, have more time with the family and best of all I have fun, I help woman and couples and make great money. If you are intersted in more check out my site at www.passionpartiesbylorisue.com or email me at lorisue.yourpassionconsultant.com or lorisue4@yahoo.com. Sign up with me and I WILL GIVE YOU A 3 DAY 2 NITE HOTEL GETAWAY AND A THANK YOU GIFT.
I would like to start my own flower shop business?
Ok, great idea but here are your hurdles honey. To get the loan, one you must either have an educational background that says you have the potential to do this, VERY pertinent and extended experience in the field and a superb credit history with a FICO score of over 700. To make it in the biz and not have to worry about making the loan payments and going into bankruptcy, you must find a place that is either devoid of such a service or offer a product that hardly anyone else, if no one at ALL, can offer. There is a flower shop on every corner...what would make your's special? That is what will be asked of you ok? Simply supplying the area with fresh long-stemmed roses and lilacs and Valentine's Day arrangenments will NOT be enough to persuade a bank to loan you $100K or more to get started. You need to be able to make floral arrangements no one has EVER seen. What you need to get going is money and experience and know how. If all you want to do is make pretty floral arrangements, honey anyone can do that. You need to offer something that is rare, hard to find...singing telegrams...hokey, but when was the last time you ever head one being delivered? Something, if you REALLY want to make it...you can't be a blend in. You won't make it and a bank won't give you the loan. If you can do something spectacular, bring it with you to the loan interview...that way you can be like "see?!"...wow them.