Starting New Business

[joseph_675]

Hey I’m starting on a new business for myself. I’m not sure I want to restrict myself to just ONE thing. It’s gonna plunge into a business which has a bright prospect. I am just collecting information from market and friends so that I can decide and start off ASAP.
I’m not yet even legal age to drink yet so I’m really just trying to research a lot of stuff on my own right now. Already have a website up to incorporate e-commerce into it. Already have a great location but having a hard time finding a good distributor for computer parts.

Anyone who owns a business or even knowledge of business running successfully may advice for a novice like me?

[Carlos]

Originally Posted by joseph_675

Hey I’m starting on a new business for myself. I’m not sure I want to restrict myself to just ONE thing. It’s gonna plunge into a business which has a bright prospect. I am just collecting information from market and friends so that I can decide and start off ASAP.
I’m not yet even legal age to drink yet so I’m really just trying to research a lot of stuff on my own right now. Already have a website up to incorporate e-commerce into it. Already have a great location but having a hard time finding a good distributor for computer parts.

Anyone who owns a business or even knowledge of business running successfully may advice for a novice like me?

You can get a lot of info for a broad question like this at entrepreneur.com
They have quite a lot of broad start up content. Then check out the business section of ezinearticles.com . Those two sites alone should keep you busy for a week or two.

[givitup]

About.com also has a section on starting a business

Your chamber of commerce may have Leads groups or Independent business councils you can join also.

Ask them if your town has a small business council also - ours has one that people can get free advice - even the chance to have someone look at their business plan and get advice.

Nancy

[Jenita]

No Sales = No Business. You must know where, how, and most importantly, who will get your sales once you are up and running

Talk to 10 small business owners who have been in business between 6 months and over 5 years: listen well!

Market research is best conducted with a pen, paper and your legs: plus, calling potential buyers for their views not only gets you market research but a great opportunity to make contacts - you will not get a better opportunity to pre-sell

Few new business owners escape stress - will you be able to handle it and maintain your drive to build your business?

One person in the business must know basic business finance to a standard of being able to complete and understand an instant review of the total business finances

A franchised business is one of the safest routes (if not the cheapest) to starting a new business - that said, if you, nor anyone else has heard of the franchise, is it a true franchise?: being an opportunity to buy into a proven formula

If you are thinking of buying an existing business you need a lot of favourable answers to your questions and independent enquiries: be totally satisfied with the owners reasons to sell

Do not 'gloss over' business areas that you do not understand - get books, advice, training - start learning NOW

When you start your business, expect your competitors to fight as you would yourself

If you need a bank loan to start your business do not cut corners with the loan: going back to your bank manager for more money is a bad move, ask for what you need - you might not get it, but it will be easier to go back to the bank in future