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What's the first bit of advice you would give to some one looking to start a small business? |
I am interested in starting a small business in my down town area, which is growing very steadily and is promising. I want to open up a coffee shop/bakery, but have no clue where to start. I don't have a lot of money to invest initialy, so I have lots of questions about investors. Any information would be helpful! Write a business plan. Go to your local bookstore and buy a book about it. There will be several to choose from in the business section. Writing a business plan will force you to do the research and calculations necessary to plan your business venture. Plus, if you need to approach a bank about a business loan, they will ask for some sort of plan anyway. Doing this will make sure you've thought everything through. make a feasibility study on what business you are going to put up. And think of the type of market and the target customers you would like to have. Read this article on things you should think about before opening the doors to any small business Go read the book "The E-myth" if you dont have money to invest you can start with a little minimum investment of $100 at Currency Trading, the biggest and most exciting market on earth,offers you countless opportunities!The Euro-US-Dollar rate is constantly changing, usually in small movements. Daily fluctuations around 1% are quite common. In Forex trading, when you invest with a 1:100 鈥渓everage鈥? changes of, say, 1.2% turn to 120%, during a single day, even hours or minutes! You may profit unlimited amounts, but if the exchange rate moves against your favor, you lose not more than your initial investment.A small change in the dollar rate can be a big opportunity for you and that's a way to start doubling your little income to a major one and then invest on you koffeeshop...see link here http://tinyurl.com/6q5ovw |
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