5/23/2017

MoneyMatters101.com Home
Information About Business
A Bad Economy
Advertising
Are You Ready
Back To Basics
Brand Your Business
Breathe Life Into Business
Business Definitions
Business Ethics
Business Instincts
Business Insurance
Business Questions
Business Structure
Buying A Business
Confront Your Fears
Copyrights
Corporations
Cost Control
Cost Budgeting
Cost Estimating
Cost Management
Customer Service
Determine Value
Due Diligence
Employer/Employee
Effective Leadership
Entrepreneurship
Franchises
Friends In Business
General Partnership
GenY Entrepreneurs
Great Companies
Innovative Practices
Investing In Fads
High Tech Products
Hobby To Business
Home Businesses
Learn Not To Flinch
Limited Partnership
Loyal Customers
Making A Profit
Mission Statement
Money And Profit
Overnight Success
Partner With Family
Patents
Personal Branding
Products/Services
Selling A Business
Selling Yourself
Setting Goals
Sole Proprietorship
Starting A Business
Start From Scratch
Surety Bond
The Buck Starts Here
The Competition
The Ethical Dilemma
Trademarks
Types of Businesses
Visability Is Power
What Is Success
What Makes Success
Links

Email Us

Job Interview
Buying Insurance
Solar Power

Business Quotes

MoneyMatters101



 

Are You Starting Your Business From Scratch?

Are you starting your business from scratch or are you buying or taking over an existing business or franchise? If you are like most entrepreneurs, you will probably have to build your business from the ground up.

Is there something that you like doing that you think you can make profitable? Do you think people will use your services or buy your product? Do you have the time and the resources to make a business work?

Do you know who your competition is and how those who are successful are doing things? Remember, appearances are deceiving! There are many businesses that look successful but are really struggling to stay afloat.

Are you financially able to open a store front or lease an office space or are you thinking about working out of your home or garage?

Many entrepreneurs are starting up and working their businesses out of their homes. With the ease of using the internet, learning computer skills, and with emails, fax machines, scanners and other business software, home based businesses are booming.

Have you explored your market and done your financial research? Some businesses can thrive on physical labor and may not need a continual cash infusion, but other ventures may need to be financed.

Unless you are building your business without the aid of loans from banks and other lending institutions, your credit is going to be your most valuable asset. Have you looked at your credit report?

All businesses, big and small, are started from an idea in someone's head and then the idea makes it's way into reality, or as business people say it, into the business world.

Starting a business from scratch takes guts. It takes a lot of hard work, long hours, and sleepless nights. But that is the beauty of starting your own business. You get to see it start as an idea and bloom into a viable enterprise.

Once started, it is yours and when you throw yourself into it and see it grow and prosper before your eyes, the rewards, when they come, are sweet.

Some entrepreneurs want their businesses to have a small town feel or atmosphere. They want to groom a personal relationship with their clientele while providing products or services to their community.

As long as they make enough of a profit to make ends meet and keep their doors open, they are satisfied and don't necessarily look to expand their company.

Then there are those whose main reason for starting a business is to become high powered Wall Street players with lots of money and all the trimmings that go with it.

They want to see their company name in the Wall Street Journal, Forbes Magazine, O Magazine, Business Week, Money, and other business publications or to hear their company being discussed on national television.

Every entrepreneur has his own reasons for wanting to go into business for himself, but no matter what you want your business to become, the main thing is to get it started and to make it a profitable venture.

About the author

John M. Roberts is the owner of John Roberts Realty located in Moreno Valley, California. You may contact him at jrobertsrealty@yahoo.com.

Book of the Month

Book about investing

Advertise on MoneyMatters101.com

 

Share


Accessibility Policy| Terms Of Use| Privacy Policy| Advertise with Us| Contact Us

Use of this web site constitutes acceptance of the Terms of Use.

We are looking to create more mutually beneficial partnerships. If you are interested in partnering with MoneyMatters101.com, send us your proposal.

MoneyMatters101.com™

Link to MoneyMatters101.com