Useful Tips
Key areas to look at when starting a New Business: Demand, Finance, Location, etc No Sales = No Business. You must know where, how, and most importantly, who will get your sales once you are up and running Talk to 10 small business owners who have been in business over 5 years: and listen well! Market research is best conducted with a pen, paper and your legs: plus, calling potential buyers for their views not only gets you market research but a great opportunity to make contacts - you will not get a better opportunity to pre-sell Few new business owners escape stress - will you be able to handle it and maintain your drive to build your business? One person in the business must know basic business finance to a standard of being able to complete and understand an instant revue of the total business finances A franchised business is one of the safest routes (if not the cheapest) to starting a new business - that said, if you, nor anyone else has heard of the franchise, is it a true franchise?: a franchise being an opportunity to buy into a proven and known product/service If you are thinking of buying an existing business you need a lot of favourable answers to your questions and independent enquiries: be totally satisfied with the owners reasons to sell Market research is best conducted with a pen, paper and your legs: plus, calling potential customers for their views not only gets you market research but a great opportunity to make contacts - you will not get a better opportunity to pre-sell Do not gloss over business areas that you do not understand - get books, advice, training - start learning NOW When you start your business, expect your competitors to fight as you would yourself If you need a bank loan to start your business do not cut corners with the loan: going back to your bank manager for more money is a bad move, ask for what you need - you might not get it, but it will be easier to go back to the bank in future | 
Business Start Up 
