- According to USA Today, successful entrepreneurs are born with certain characteristics, and some of these appear when the owner of the business future is still a child. These features include a passion for creating a business rather than simply make money, flexibility, a willingness to take a calculated risk, ethics and strong perseverance. In recent decades, at ease with technology has also become necessary to operate a successful business.
- The viable business plan when a potential business owner needs to borrow money or get investors to make key decisions. Business plans include an analysis of potential customers, competition and cash flow needed to build the business over a period of several years. Business plan templates, and assistance are available from the Small Business Administration.
- Starting a business requires money and lots of hard work. Each municipality has different requirements for licensing, insurance and taxes. Information on these issues is available through the Chamber of Commerce. Although starting a new business is difficult, the potential benefits are great financial and personal.
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