It is a dream for many to start a small business—striking out on their own, controlling their destiny and being their own boss. Our economy also depends upon those dreams for the majority of new job growth during the last ten years came from new small businesses.
With nearly 5 job seekers for every available job today, maybe now is the time to find your inner entrepreneur.
CareerFuel’s Start a Small Business section is a roadmap for creating your own business. From coming up with the big idea, to legally protecting it, raising money and launching it.
Our carefully selected content provides you with what you need to know and the latest apps and web-based resources to make it happen. We also have stories about real people (like you) who created successful businesses to learn from and keep you going.
1. Idea and Protection
The idea is like the nucleus of a cell–it kickstarts physical activity and growth.
Coming up with the big idea however can be the biggest stumbling block to getting started as an entrepreneur. And often times the idea you start with morphs into something different as you test it.
2. Business Plan
Some people think that a business plan is “old school” and that today you should just dive right in and do it, rather than getting bogged down in weeks or months of analysis and writing.
The decision is up to you, but we recommend that you consider one. Developing such a plan may prove necessary.
You have the big idea, but now you need the money to build it which means you have to know how to raise capital.
This is the next big hurdle to get past in order to bring your company to fruition.
Now comes the fun part, execution. Believe it or not, a huge percentage of small businesses that make it this far still fail because the managers couldn’t run the company well enough.