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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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What are things you need to start a small business that people overlook?
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Visibility. You can start the best business ever, but it’s hard and expensive to get noticed.
Market validation, many people jump straight into making the business before checking if people actually need or want what they are offering.
Register your business with your state. Apply for a business license with your city/county. Collect and remit appropriate state sales taxes.
Youll not make money for the first year and possibly longer, if it all.
Marketing, people think they can just slap together a few Facebook posts and they’ll just have an endless supply of customers.
A smart and competent team
patience
bookkeeping skills – it’s important to get the financials in order from day 1.
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.
Insurance and how expensive it is.