Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 1 - Evaluating Business Potential
Question:
"What recommendations do you have for someone just starting out in business?"
Stan Henslee
Certified Public Accountant (C.P.A.)
Topics covered in this video:
Business recommendations, experience, funds, cash, capital, support, family
Transcript:
Well there are a number of things I think that they should do. Number one, they should talk to other people that are already in the industry and ask them what they feel they need to know. Learn as much as you can from others who have already started their own business and been successful and find out what some of their secrets were.
Number two, make sure that you're going to be adequately capitalized so that you have the necessary funds to get your business started and to support you for a while, while the business is growing.
Number three, make sure that you have your family's support, both emotionally and sometimes even financially.
And number four, take stock of your emotional ability to deal with some of the disappointments that are going to come along in the early stages, because there will be disappointments. There will be some rough times and you want to make sure you know yourself well enough so that you can cope with those disappointments and ride them out till it all gets better.
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