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imarketing0
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| Joined: | Mon Dec 5th, 2005 |
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| Posts: | 28 |
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Posted: Thu Dec 8th, 2005 04:08 pm |
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Starting a business is fun and can definately be very rewarding. However, the decision to start your own business is not one to be entered into lightly. This is especially true if you have a family.
If you do have a family discuss your ideas with them. Make sure your spouse and kids (if old enough) understand how much time and energy you will be putting into this new business, especially in the beginning.
Also, have some real plans and direction before starting out. Many times businesses change directions and things do not always go according to a specific plan but you do need some starting ground before you dive in.
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marksman
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| Joined: | Mon Nov 28th, 2005 |
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Posted: Fri Dec 9th, 2005 02:11 pm |
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I agree that circumstances are important, and there are a lot more considerations if you have a family to support. You need to make sure you have the means to support them, even if it you have to relegate your new business venture to part-time status while you hold down a regular job to get things off the ground.
Really depends on circumstances. Some people amass enough wealth to be able to take the plunge with both feet, others need to proceed more slowly. It is always prudent to be careful. Rarely is the new business where money starts rolling in much faster than expected. Usually there are issues, unknown expenses and other hurdles that you did not anticipate.
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CaitSith4343
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| Joined: | Sun Dec 4th, 2005 |
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Posted: Fri Dec 9th, 2005 04:04 pm |
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Yeah, both of you have made some good points. I don't have too much money right now, and I have had to hold back on alot of the businesses I have ideas to start. Right now I am just trying to save as much as I can so that next time something comes around and I think it will work, I can give it a shot.
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CaitSith4343
Member
| Joined: | Sun Dec 4th, 2005 |
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| Posts: | 26 |
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Posted: Fri Dec 9th, 2005 04:04 pm |
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Yeah, both of you have made some good points. I don't have too much money right now, and I have had to hold back on alot of the businesses I have ideas to start. Right now I am just trying to save as much as I can so that next time something comes around and I think it will work, I can give it a shot.
Edit: Sorry for the double post, I double clicked the reply button on accident.
Last edited on Fri Dec 9th, 2005 04:06 pm by CaitSith4343
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imarketing0
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| Joined: | Mon Dec 5th, 2005 |
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| Posts: | 28 |
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Posted: Sat Dec 10th, 2005 10:31 pm |
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What I did when I started my business was to begin slowly. It worked out that I was single at the time and so I was able to put time into my "day job" and start my business part time. It gave me an opportunity to see if my business had a chance and to begin saving money before I went full time.
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TPT
Administrator
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Posted: Sun Dec 11th, 2005 09:44 pm |
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That's the same thing I did...start out slow as a second business. I am still employed full time in the evenings...it's a good way to maintain benefits and the schedule is great because I can focus on my business customers during normal working hours.
I also agree with your earlier comment
Also, have some real plans and direction before starting out. Many times businesses change directions and things do not always go according to a specific plan but you do need some starting ground before you dive in.
But, I would like to add that you need to be flexible with a new business. One thing I have learned is that a business does not grow along steady straight lines, instead, it grows in fits and starts with the occasional fork in the road.
____________________
Fred
Intensify.biz Founder
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