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Starting a business?

By gralfus ·
I found that this article had some good advice to those wanting to start up a business:
http://tinyurl.com/6cjhb

Even if you have excellent IT skills, you may not have a clue what it takes to run a real business and make it last.

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Business Failures

by BFilmFan In reply to Starting a business?

According to some statistics that I learned in college many years ago, 3/5ths of all businesses fail within 5 years due to poor planning.

I would really recommend that anyone that is considering starting a business use the Small Business Administration's resources. The volunteers are often retired business people with loads of knowledge and advice.

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Small Business Administration is your friend

by awfernald In reply to Starting a business?

I'm actually going through our local Chamber of Commerce "Fast-track" course right now (sponsored by the SBA).

Since I have many years of experience in business (mostly in South America do doesn't count in their minds here and in dealing with budgeting, premises, etc... I thought that this course would be boring and not provide much of a benefit to me.

Well, the class is definitely NOT boring, though it still hasn't really presented much new information to me. HOWEVER!!!!! This class has given me a much better understanding of organizing the information I have, and given some excellent sources for both networking and for finding lower cost solutions.

I would check with your local Chamber of Commerce and/or the SBA (http://www.sba.gov).

Best of luck to you, and... if you have a good idea, do some good research, and make yourself a good plan (and follow it), then you have significantly increased the chances of your company being a success.

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