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Thread: I have decided I want to start my own business. Now what?

  1. #1

    Question I have decided I want to start my own business. Now what?

    Other than saving as much money as I possibly can, I would like to direct my time and energy when not at work improving my chance of success as much as possible.

    I should note that I am not brave/suicidal enough to attempt this in CA, I am looking at AZ.

    ie: Reading the most helpful books (looking for recommendations)

    ie: Taking classes that will be the most helpful (looking for recommendations)
    Personal & Business finance, Business mgmt, etc...


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  3. #2

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    Depending on what kind of business you're running, I have greatly enjoyed the books put out by Clayton M. Christensen, a tenured professor of the Harvard School of Business. This is his most famous offering: http://www.amazon.com/The-Innovators...or%27s+Dilemma

  4. #3

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    Starting A Small Business

    U.S. Small Business Administration

  5. #4

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    The most important thing is knowing what it is you enjoy doing. To be a successful small business, you had better enjoy the 60+ hour weeks you're likely to put in. I am in Wildlife Pest management. I make good money, and I work long hours, but since I enjoy crawling into tight places and wrestling angry mother raccoons, the long hours are not a problem.
    CPT Jack. R. T.
    US Army Resigned - Iraq Vet.
    Level III MACP instructor, USYKA/WYKKO sensei
    Professional Hunter/Trapper/Country living survivalist.

  6. #5

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    Icymudpuppy is right. I grew up around a family business and it does take a lot of time and effort, more than a normal job. But the rewards can make up for the extra work.

    I've found that having a lawyer you can trust, and a good accountant, help too. While you can file all the various paperwork yourself knowing who to get ahold of when you need them, and quickly, is worth planning for.

    As to education there are a lot of new online education resources. Schools like MIT are offering free courses online. I haven't looked through them but I have heard the hype, might be worth looking at.

  7. #6

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    S.C.O.R.E can be a source of good advice....IF.....IF....you get the right guys to help you out. Depends on what sort of business and what sort of retirees you can find in your area. Don't expect a whole lot of help when it comes to using the internet as a business tool because most of these guys are pretty weak in that area since it wasn't a tool they likely used much if at all, but when it comes down to other aspects of business, it is possible to find very sound advice.
    Rand can win in 2016 only after the security guards will listen to us rather than the establishment hacks and only after we are able to ensure that the rules are followed and the votes accurately tallied.

  8. #7

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    In my view, the most important thing is knowing how the business is going to get revenue. You have to be effective in reaching your target market, and converting interest in the product / service into buyers.

    As long as you have a revenue stream, you have something to manage and grow. You can't manage the number 0, no matter how talented you are.
    Out of every one hundred men they send us, ten should not even be here. Eighty will do nothing but serve as targets for the enemy. Nine are real fighters, and we are lucky to have them, upon them depends our success in battle. But one, ah the one, he is a real warrior, and he will bring the others back from battle alive.

    Duty is the most sublime word in the English language. Do your duty in all things. You can not do more than your duty. You should never wish to do less than your duty.

  9. #8

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    My 2c - find a partner who is passionate for business as you are.

    1 + 1 = 10

  10. #9

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    step 1: start business

    step 2: ????

    step 3: profit
    if modern agriculture continues to follow the path it's on now, it's finished. The food-growing situation may seem to be in good shape today, but that's just an illusion based on the current availability of petroleum fuels. All the wheat, corn, and other crops that are produced on big American farms may be alive and growing, but they're not products of real nature or real agriculture. They're manufactured rather than grown. The earth isn't producing those things.. petroleum is! -Masanobu Fukuoka

  11. #10

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    opcorn:
    "Life, Liberty and the pursuit of Happiness"

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