Sunday, June 21, 2009

Getting Your Business Ready to Race


To get your business started right: 1) think first about your 'whys.' It's usually more than just 'to make money.' Write them out and keep your list handy. It will help keep your motivation level up. 2) Then write out your positive and negative characteristics to evaluate your strentghs and weaknesses. At some point, your new business will take you out of your comfort zone and you need to be prepared to do what's necessary and/or get help from others. 3) Know what your goals are - write them out too, but watch out that you're not 'pie in the skying' them. Be realistic. Recognize that a good business, whether service/product/manufacturing or home-based, takes time to develop. 4) Consider what kind of company you want - incorporated, partnership, LLC, S Corp, a DBA. 5) Evaluate what kind of professional help you will need. 6) Start working up your business plan.

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