8 Things To Consider Before Starting Your Business
SCOPE OUT YOUR INDUSTRY
Before you start a business, you always want to see how the industry is; especially in a tough economy…research some trends and such on the internet, see where the industry was a year ago, as oppose to now…
SIZE UP THE COMPETITION
ALWAYS sie up your competition, you always want to know how you would size up with the “big boys” & the “little fish”, you study their pricing, marketing strategies, as well as their target customer base…
Be certain of the type of business you want to start; if you don’t second guess yourself; you may end up making a mistake, and forget a crucial part of planning your business in the long run…it’s very important to think & re-think, guess & re-guess every possible aspect of your business…
THINK ABOUT FUNDING…ALOT!
UM…where are you gonna’ get the money?!?!?! We all ask that question, think of private investors as well as the family, friends that believe in your potential…try a fundraiser, you NEVER know how things may turn out!
GET ADVISE FROM FRIENDS, FAMILY, OR MENTORS
Get opinions from those that want to see you succeed…it’s nothing worse than getting advise from someone who can’t relate to what you’re doing…never take advice from someone worse off than you!
GET A NAME
“…what’s in a name…”…pick a name that’s catchy, a name that reflects you, what your business stands for, and your “business personality”…
Ok, so you got all of the bits & pieces together, you gotta’ figure out now how to get your name out there…BE CREATIVE, BE SMART, & THINK OUTSIDE THE BOX!