What are things you need to start a small business that people overlook?

What are things you need to start a small business that people overlook?

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  1. Market validation, many people jump straight into making the business before checking if people actually need or want what they are offering.

  2. Register your business with your state. Apply for a business license with your city/county. Collect and remit appropriate state sales taxes.

  3. Time. Plan to work 20%-50% more than you do for another person. I regularly put in 70 hours a week and made about as much per hour as Subway sandwich artist.

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