Businesses typically start out as dreams. Dreams of becoming financially secure, not having to punch a clock and fueling that passion I spoke about in an earlier post. Whatever the dream, starting a business takes a great deal of hard work and dedication. You must take inventory of your personal skills, goals, objectives and capital prior to starting your business. Plus you will need to prepare for challenges that may set you back at times as well as ones that will take you to new heights. Preparing to meet those challenges will help you to make the most of these opportunities to set out in business.
Do your homework. Use the Six P's, "Proper prior planning prevents poor performance". Research your ideas and trends to form the foundation of your new venture. Find out who your customer is. What marketing research, legal forms, licenses and startup financing will you need prior to committing to a new business? Develop a business plan. You have the ability to influence how successful your company will be, but you will need to be focused on these items first before you embark on the most important and challenging times of your life! - CT
Do your homework. Use the Six P's, "Proper prior planning prevents poor performance". Research your ideas and trends to form the foundation of your new venture. Find out who your customer is. What marketing research, legal forms, licenses and startup financing will you need prior to committing to a new business? Develop a business plan. You have the ability to influence how successful your company will be, but you will need to be focused on these items first before you embark on the most important and challenging times of your life! - CT
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