Thinking about starting a business? I dig these tips..
I know a lot of folks on this board are seriously in love with skateboarding and wonder about working in the industry. It is possible...I did a career change at age 39...and I had 3 kids and a mortgage, car payments and well, you know the drill...
I found these ideas from the entrpreneur website...I would welcome your thoughts...anyone out there self employed? anyone out there thinking about becoming self employed?
Top 18 Dos and Don’ts for Business Startups Do engage big things that can grow your business dramatically.
Do practice uncompromising integrity at all times.
Do live beneath your means, and have six months of business and living expenses in savings.
Do develop a strategic business plan, solidly emphasizing marketing.
Do choose a company name that will still represent you in five, 10 and 20 years.
Do ditch perfectionism; get yourself and your product out there now.
Do hire professionals to help in any area where you’re not an expert, especially for your marketing materials.
Do have a backup plan, not just for your computer, but for every essential system.
Do start building your customer database before you start building your business.
Don’t get distracted by naysayers; trust your vision.
Don’t quit your day job until you’re making real money.
Don’t risk losing your home by getting a home equity loan; explore other financing options instead.
Don’t invest in unnecessary bells and whistles such as expensive office furniture.
Don’t try to do it all yourself; delegate to family members until you can afford to hire your first employee.
Don’t cut corners on image; invest wisely in quality promotional materials and your wardrobe.
Don’t get addicted to time-stealers like e-mail and voice mail.
Don’t wait for the phone to ring; go after your prospects.
Don’t let stress wear you down; make time to take care of yourself.
Re: Thinking about starting a business? I dig these tips..
I'm with you on most of these, except the one about not getting a home equity loan. Getting a small bussiness loan is like getting teeth pulled, and takes too long. If you have enough equity and can afford it, a home equity loan isn't all that bad. Most people get them to get out high credit card debt, so why not get one to better yourself instead?
Thinking about starting a business? I dig these tips..
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