#Keep Learning

#Keep Learning The thought of starting your own business can cover a range of emotions: scary; exciting; new experience tribulations; self doubt.  All this is a part of being an #entrepreneur. Are you thrilled about the product or service you have chosen? How much do you know about the business relating to the product or service? If little, this is where learning is critical — and...

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Be Accounting Literate

                                         Be Accounting Literate. Ready to #StartABusiness — but you are not accounting literate? Can’t read a Balance Sheet? Can’t read a Profit and Loss statement?  Sure, you can hire a C.P.A. (Certified Public Accountant). But, can you afford that person if you are a small startup? If you are a larger startup, for sure you will want a C.P.A. ...

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Responsibility

Responsibility. Whether #OperatingABusiness or #StartingABusiness, the owner has an initial responsi- bility for everything . . . . funding, location, marketing, services, products, etc. Sure, if you buy a franchise, they may be responsible for the location, initial marketing, training, etc. Still, the owner makes the final decisions. If you start a business with one or more partners, it is...

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Don ‘t Give Up !

Some people start a business without the basic understanding of what it takes to run a business. Then, they fail and wonder why. DON’T  GIVE  UP — especially if you believe in your idea. Learn more about how to operate a business.  Where? —  Community Colleges; Books; Google different subjects pertaining to your needs; Get a full or part time job in a similar business. Most...

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Be Alert

Be Alert:   ..to products and services that are in demand; ……………………to your own creative thoughts of what isn’t available yet; ……………………and to business start-up costs. A Start-up business has a better chance of success if it has low start-up costs and low overhead.  Your positive ROI (return on...

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