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<p>[QUOTE=&quot;USS656, post: 421001, member: 6641&quot;]How about a business plan - to put it all into perspective.&nbsp; You&#039;ve run a business so I know - you know - what I mean...&nbsp; I am sure I could go on below but you should at least be asking yourself a lot of hard questions up front and making sure you have answers before you start investing money and leaving your current source of income.</p><p>&nbsp;</p><p>Knowledge about a topic doesn&#039;t mean you can run a business successfully.&nbsp; There should be a plan that guides you;</p><p>&nbsp;</p><ul> <li>How do you plan to make money - specifically?</li> <li>Legal considerations?</li> <li>What will be you expenses?<ul> <li>For a brick and mortar what are the shop furniture/PC/Cash Register/credit card machine/safe/utilities costs?</li> <li>Do you have distributors/manufacturers lined up/organized so that you can resell supplies and goods?</li> <li>How much does a security system cost?</li> <li>How do you plan to market your business and what are those expenses?</li> <li>How much seed money do you need to get it started and then sustain it? Where do you plan to get it - personal funds or financial?</li> <li>Do you plan to have any employees and if so what are the local/state/federal implications?</li> <li>How much insurance do you need and what are the costs?</li> <li>How much does a business license cost?</li> </ul></li> <li>How much do <u>you</u> need to make to meet your financial objectives/responsibilities (40K)?<ul> <li>How much do you need to sell to pay the bills and yourself?</li> </ul></li> <li>Do you have 12 to 16 hours a day 7 days a week to dedicate to it?</li> <li>How long can you afford to go without an income?</li> <li>What are your 6, 12 and 18 month financial goals and what are your plans if you are not meeting them?</li> <li>What are your goals for the first 100 days?</li> <li>etc.</li> </ul><p><a href="http://www.sba.gov/smallbusinessplanner/plan/getready/index.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.sba.gov/smallbusinessplanner/plan/getready/index.html" rel="nofollow">http://www.sba.gov/smallbusinessplanner/plan/getready/index.html</a>[/QUOTE]</p><p><br /></p>

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