The best small business to start isn't always the sexiest idea, or the flashiest, or even the cleverest. It isn't even necessarily the one that will make you the most money.
It is often the one that you can afford.
All too often entrepreneurs reach further than they should when starting a business, buying more stuff, getting a bigger store, hiring more people, going after too much money. And it doesn't stop there. New businesses are vicious mistresses, demanding more and more money all the time. There are always things that you just didn't think about before you started, and those things are always expensive. That's just one of the rules.
Most business advisers say that businesses fail because they don't plan properly, or they don't have enough money. That's just not it. I would wager that most fail because they try to start too big out the gate. They want success NOW, not a year or two from now. They need to brag about the big new office they have, the dozens of new employees they have, the venture capitalists they are talking to.
Well, balderdash. That just isn't the formula for success. Success is based on creating a solid foundation, and building on that foundation over time. If you can start your business as a one person business, do it. If you can start by creating an online business, do it. If your cousin laughs, fine. You aren't in business to please your cousin; you are in business to create a solid, long term business for yourself and your family.
The best small business to start may even be one that you start parttime, from home. YOU control what it will be. Don't let your business become the demanding one in this relationship!
Wednesday, September 30, 2009
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1 comments:
Excellent tips on how to start a small business. And I agree that it can be done at home doing part time as a start then later as it grows then hire people who could help you in doing the business.
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