| Author | Post |
|---|
imarketing0
Member
| Joined: | Mon Dec 5th, 2005 |
| Location: | |
| Posts: | 28 |
| Mana: |  |
|
Posted: Mon Dec 5th, 2005 07:09 pm |
|
There are so many decisions to be made before even starting a business.
You must decide what type of business you want to open. In addtion, will this be an online or offline business? Will you start our business from scratch, buy out another business or buy into a franchise, etc?
Where will your business be located? Will you have a home office, a warehouse, an office dowtown?
Are you ready to commit to a business. Starting and running your own business takes a lot of time and patience? Do you have what it takes to work long hours and put your heart and soul into your business?
|
CaitSith4343
Member
| Joined: | Sun Dec 4th, 2005 |
| Location: | |
| Posts: | 26 |
| Mana: | |
|
Posted: Mon Dec 5th, 2005 08:34 pm |
|
Yeah, this is definitely true. Many a times I have had what I felt was a great idea, but had to accept that I would never have enough time to do it successfully. Im short on time as it is, so this is probably the most important question for me.
imarketing0 wrote: Starting and running your own business takes a lot of time and patience? Do you have what it takes to work long hours and put your heart and soul into your business?
|
marksman
Member
| Joined: | Mon Nov 28th, 2005 |
| Location: | |
| Posts: | 56 |
| Mana: | |
|
Posted: Wed Dec 7th, 2005 05:31 pm |
|
I think as discussed in another thread my current business just kind of existed and instead of pre-planning everything I am just moving and doing things as reality dictates.
Not sure which route I prefer, but this one actually allows me to decisions with more knowledge. Doing everything well in advance is going to leave you making some mis-calculations. Right now I run my business out of my house as a sole prop. Long term both of those are likely going to have to change. Now, though, I have more information to make those decisions better for the future of my business. If I would have sat down and done that beforehand I would have likely made some mistakes.
That being said different businesses have different requriements. You can not really run a brick and mortar store out of your house.
|
imarketing0
Member
| Joined: | Mon Dec 5th, 2005 |
| Location: | |
| Posts: | 28 |
| Mana: | |
|
Posted: Wed Dec 7th, 2005 06:04 pm |
|
Yes, each business is different and requires different things. I try to plan but soemtimes I just go with the flow too. And often times that actually works. I think you have to have some flexibility.
|
teacup
Member
| Joined: | Sun Jan 8th, 2006 |
| Location: | |
| Posts: | 6 |
| Mana: | |
|
Posted: Mon Jan 9th, 2006 01:46 am |
|
| I think you have to plan for the worst before opening a business. You have to be able and willing to put in 24/7 and also to lose your money. It is a possiblity. Now, this isn't to say this will happen, but you should be prepared for business failure. The loss you take can be deducted off your taxes at the end of the year as a loss, but there is so much to do before you open that business, and it's a lot of work to keep it going. Just be prepared for the worst before you even begin, and then hope for the best.
|
mom21
Member
| Joined: | Wed Jan 11th, 2006 |
| Location: | |
| Posts: | 71 |
| Mana: | |
|
Posted: Fri Jan 27th, 2006 09:31 pm |
|
| I agree. It is a good idea to keep another source of income going at first. I was just discussing this in another thread because someone told me it takes 5 years to even see a profit when you start a new business.
|
Current time is 10:22 am | |
|
