- Live frugally and begin saving up money for starting your business.
- Learn your intended business by working for someone else in the same business first.
- Consider the benefits of starting a moonlight business.
- Consider the advantages of operating a family business.
- Objectively measure your skills and training against potential competition.
- Consider subcontracting to low cost suppliers if you're manufacturing a product.
- Test market your product or service before starting or expanding.
- Make "for" and "against" list describing the specific business you are considering.
- Talk to lots of people in your intended business for advice.
- Make a comparative analysis of all opportunities you are considering.
Monday, January 24, 2011
THE TOP TEN DO'S WHEN STARTING A BUSINESS
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