So, what does it take to start your own business? I am the farthest thing from an expert on the subject, I am in the process of starting my own business right now. However, one of the things that I did learn while I was accumulating my student loans was how to research.
You have the will to start your own business, an idea that you think will be profitable and exciting but where do you start? RESEARCH!!! According to the U.S. Small Business Administration, roughly 50% of small businesses fail within the first five years. Don't let this statistic scare you, with planning and organization, a good product/idea and a little bit of luck, you can do it!
Previously on this blog, I have advised those of you how would like to start your own business to visit the Small Business Administration website or office. They can provide you, both in person and online, with the resources for starting your own business, such as how to write a business plan.
A business plan is going to be the most important part of starting your own business because you are going to be giving your plan much needed structure and organization. Make sure to take your time and revise it every few months as you move forward with your entrepreneurial endeavor.
The last piece of advice I leave you with is: ask for help. As moms and women, we tend to think that we can do it all. I gave birth, starting my own business is a piece of cake compared to that! While the physical pain might not be the same, starting your own business will give you quite a few headaches if it is not done properly. There are many successful entrepreneurial moms on the web that are more than willing to provide you with advice if you just ask.
Now, go forth and conquer (or should I say, plan)!