Quote:
Originally Posted by markem
I know several people who have succeeded in small business solely on dedication - no deep pockets or experience to rely on. The main thing that you will need to consider is that, like most small businesses, your profits will likely not be high, so expect to do most of the work yourself. A good friend of mine is in to her third year and although her coffee shop is quite busy and doing well, she still works 80-100 hours per week because not only can she really not afford more help, but good help is almost impossible to find.
If you have a community college nearby that has a course in starting your own business, take it. They will help with all the paperwork, business plan, how to find space and a loan, regulations, etc.
In the end, you start a small business because it is what you are passionate about and for almost no other reason.
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I agree with most of this
only if you have enough population density to support a desired venture. A small town (2,500ish) just wont produce enough warm bodies to cover overhead, If your selling gasoline....yes. specialty items in the "luxury" field, I just don't see it.
I have a co worker who has owned/operated the only real humidor (with tobacco shop) in the nearest "large" town around me (12k people est.), I have talked with him in-depth about the cigar side of his business and he says it was the funnest part of it but also the most hassle, most expense to start and by far the lowest return. Just not enough people willing to drop the cash in our economically stunted area.
My
and worth every bit.