Business Small Business

Business Small Starting Tips For Success

Introduction

People all over the country are seriously considering earning an income via business small starting ups. Some are aspiring entrepreneurs who have the knowledge, skill and ability to take a new concept to market and earn a profit. Other people have no choice but to start a new business because employment opportunities in their area may be lacking.

Just as personal economics are constantly changing, new companies and start ups should understand that the business environment is indeed dynamic. Though the numbers differ, it is fair to say that many new businesses fail during the first year or over the course of a few years.

In most situations owners and managers are ill-prepared to handle the changes in the business world. Although it is impossible to predict the future, business startups can keep a few tips in mind to help ensure success and solvency.

 

Step 1

Seek out free advice from mentors and experts in business small starting ups. Join local and state associations for your specific industry to have immediate professional access to mentors. For example, an accountant who has worked in corporate America for years, since graduating from college, may want to start his or her own business, maybe as a tax preparer or financial planner. Joining an association for certified public accountants is a great way to meet other local professionals offer advice about the business environment.

Step 2

Create a business plan that is conducive business small starting ups. You can visit any website to download a template for a business plans, such as BPlans.com. Read over a sample plan that is specific to the industry or field in which you want to start up a new business, then create your own plan.

Step 3

Learn about your industry or specialization, and how business small starting ups fit into this equation. There may be global and overarching factors that can affect your success as a start up on the local level. For example, if a part or component that you use in the production of goods is made in another country, you have to be concerned about the stability of that region, from both a political and environmental perspective.

Sources and Citations

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  2. " How to Hire Your First Employees - Small Business - WSJ.com." How-To Guides from the Wall Street Journal - Wsj.com. N.p., n.d. Web. 21 Feb. 2012. <http://guides.wsj.com/small-business/hiring-and-managing-employees/how-to-hire-your-first-employee/>.
  3. " How to Start a Business with a Partner - Small Business - WSJ.com." How-To Guides from the Wall Street Journal - Wsj.com. N.p., n.d. Web. 21 Feb. 2012. <http://guides.wsj.com/small-business/starting-a-business/how-to-start-a-business-with-a-partner/>.
  4. "4 Tips for Starting Your Consulting Business - Outside Voices: Small Business (usnews.com)." Business News and Financial News - US News Business. N.p., n.d. Web. 21 Feb. 2012. <http://money.usnews.com/money/blogs/outside-voices-small-business/2008/12/10/4-tips-for-starting-your-consulting-business>.
  5. "4 Tips to Build Your Business for Long Term Success - Forbes." Information for the World's Business Leaders - Forbes.com. N.p., n.d. Web. 21 Feb. 2012. <http://www.forbes.com/sites/theyec/2012/01/04/4-tips-to-build-your-business-for-long-term-success/>.
  6. "5 Tips for Startup Success | Entrepreneur.com." Business & Small Business | News, Advice, Strategy | Entrepreneur.com. N.p., n.d. Web. 21 Feb. 2012. <http://www.entrepreneur.com/article/207270>.
  7. Kennedy, Dan. "10 Tips for a Strong Start - Successful Business Tips | Entrepreneur.com." Business & Small Business | News, Advice, Strategy | Entrepreneur.com. N.p., n.d. Web. 21 Feb. 2012. <http://www.entrepreneur.com/article/204982>.
  8. "So You Want to Start a Business - NYTimes.com." Small Business Blog - You're the Boss Blog - NYTimes.com. N.p., n.d. Web. 21 Feb. 2012. <http://boss.blogs.nytimes.com/2011/11/23/so-you-want-to-start-a-business-2/>.
  9. "Three Tips to Start a Consulting Business | Entrepreneur.com." Business & Small Business | News, Advice, Strategy | Entrepreneur.com. N.p., n.d. Web. 21 Feb. 2012. <http://www.entrepreneur.com/article/220267>.
  10. "Want to Start Your Own Business? Get a Business Mentor - Forbes." Information for the World's Business Leaders - Forbes.com. N.p., n.d. Web. 21 Feb. 2012. <http://www.forbes.com/sites/kerryhannon/2011/11/26/want-to-start-your-own-business-get-a-business-mentor/>.
  11. "Five tips for starting a successful small business - MarketWatch." Featured Articles From The MarketWatch. N.p., n.d. Web. 21 Feb. 2012. <http://articles.marketwatch.com/2008-01-23/finance/30700100_1_business-plan-successful-small-business-competitive-intelligence>.
  12. "Entrepreneurs offer tips on starting a business - MarketWatch." Featured Articles From The MarketWatch. N.p., n.d. Web. 21 Feb. 2012. <http://articles.marketwatch.com/2011-07-19/finance/30745813_1_young-entrepreneurs-business-plan-livingsocial>.
By Adri Buckminster, published at 02/23/2012
   Rating: 4/5 (10 votes)
Business Small Starting Tips For Success. 4 of 5 based on 10 votes.

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