| You want to start a business? Great! Keep in mind | | | | is not the time to borrow. A business plan would |
| that if you are presently working do not leave your job | | | | decide what you are selling, where the supply will |
| unless the field you want to go into e.g. a restaurant, | | | | come from, how much is the cost to you, how much |
| requires full time attention. If it doesn't gradually move | | | | will you sell it for, cash flow and many other things that |
| from working for somebody to working for yourself. | | | | apply specifically to your business. Put it on paper! |
| Before you begin, if you are not working, a six month | | | | Many people are going into an online business today |
| emergency fund is required. This is money to keep | | | | because it is much less expensive. You need a |
| you alive should something happen, not for investing in | | | | website and a system to get paid online. eBay is a |
| the business. Going into business requires far more | | | | popular choice. Remember that a large percentage of |
| hours of work than you are doing now. There is no | | | | businesses do not make it past the first three to five |
| such thing as a 35 or 40 hour week when you start a | | | | years. Also, you will have to have money in addition to |
| business. | | | | your emergency fund to live on in the early days of |
| You must know what business you want to go into. In | | | | your business. Few businesses show a profit at the |
| has to be specific, not abstract. Obviously, some | | | | beginning. In fact just recently, after all these years, |
| businesses require much more money, again like a | | | | began to turn a profit. |
| restaurant. All businesses require a business plan, the | | | | If you are still interested in starting a business, best of |
| same thing a bank would want to see if it is to lend | | | | luck! |
| you money. Hopefully, you have money saved up, this | | | | |