Keys To Success
Topic of the day…
If you are interested in getting your business started as rapidly as possible and at the lowest cost, then you need mentors that can share keys to success with you. You will need key top-level mentors and a team of mentors at varying levels of expertise if you are to be successful and reduce the startup time to a minimum. The next article by the Small Business Administration of the Federal Government estimates start-up costs of a small business at around $30,000. Frankly I don’t know many people who would even consider starting a business if it were going to cost that much. Consider getting started with few hundred dollars or more.
How much does it cost to start your own business?
Of course, the answer depends on your business model and your chosen industry. However, a useful estimate based on a 2009 study conducted by the Ewing Marion Kauffman Foundation puts the average cost of starting a new business from scratch at just over $30,000.
Have you ever been kept awake until 2 in the morning having an imaginary conversation with one of your blog readers who thinks you’re great and left a long comment telling you so? Or spent hours obsessively trying to figure out how to do better work, spurred by a fan letter from a customer about the terrific job you did?
At the most recent meeting of the She Owns It business group, the owners talked about the pros and cons of allowing workers to do their jobs from home.
The better you understand your customer, the faster your business will grow. But new ventures often struggle to define their target market and set their sights too broadly.
“We often overestimate the market size, and in many cases there may not be one at all,” says Robert Hisrich, director of the Walker Center for Global Entrepreneurship at the Thunderbird School of Global Management in Glendale, Ariz.
Keys to success:
If you would like to discuss how you might start your business I will be pleased to talk with you. Email me on firstname.lastname@example.org or call me on 407-749-9395.
Small Business Consultant