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Friday, May 30, 2014

Common New Business Issues


 
Market Research - before you invest do market research

Fiscal Motivation - financial risk for the right reason

Business Plan - focus the business

Startup Money - plan for the worst, at least two years without a profit

Marketing Strategy - what and how you sell and spend

Charging Less - you won't get lower prices than high volume buyers

Family - major time commitment strains families

Borrowing from Friends & Family - not the best money

Doing It Yourself - need at least a lawyer and accountant

Business Location – Office needed? Zoning? Home?

 

How is your business doing on these issues?


Steve Koenig, SCORE Counselor


 

 

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