This content has been marked as final. Show 6 replies
Be passionate and dedicated to what you do. If you are not passionate - the long hours and fustration will take their toll. As a side, just never give up. What you think your business will be now - may not be true tomorrow. Be willing to change and adapt - just don't give up.1 of 1 people found this helpful
Business Money Today
Find a partner and network with as many people as possible is my suggestion. Even a silent financial partner is worth the money in my opinion. The more work you do with other the more you will eventually expontenially create more profits. Say positive!1 of 1 people found this helpful
Thank you so much! Great advice!
Can you recommend any books?
Don't be afraid to step out of the box, but do it intelligently. Don't fall for tricks, plan what you're doing, think about what you want to do, and ALWAYS make educated decisions. Most Importantly, don't surround yourself with negative people.
This has been said so often that everyone is probably sick of hearing it. But there are many reasons in is adviseable (necessary).
Create a Business Plan. Create a Business Plan. Create a Business Plan.
Even in a very simple business. this should be done. WHY???
The business plan forces you to THINK THROIUGH each aspect of your business BEFORE you do it. It will often reveal "holes" in your planning. It will force you to contend with obstacles before these obstacles cost you REAL DOLLARS.
The Business Plan will include a MARKETING PLAN, to show where your business will come from, and why people will buy from YOU instead of all your ESTABLISHED competitors. It will also include a FINANCIAL PLAN to show how much money you will need until you surpass your "BREAK-EVEN POINT" (including your salary). Once you've planned your financial needs as best you can determine, ADD 50% as a safety factor.
AND FINALLY, one of the best reasons for Business Plan is that it can show you if, perhaps, you shouldn't be doing this at all, and save you thousands of dollars of loss due to planning. If it does that, you will be disappointed. But it will have been an extremely good investment of your time and effort.
Uncle Leon sedit.
Do lots of research and be ready to work hard for free.