Official statistics on new business startups show that every year thousands of people around the world get tired of the 9 to 5 “rat race” and start thinking they could do for themselves what they’re doing for their boss. It mostly happens when they realize that one will hardly become financially free living on a weekly paycheck. For most people, the vision of profiting from their ideas and work instead of their boss can be the final push to starting their own small business.
However, many people decide to start a business but have no idea where they should initially focus their efforts. What should be the first action towards deciding what kind of business to start?
To make a good decision it is important to know what you are trying to achieve. Unfortunately, many people fail to reach their objectives because they can’t get a clear picture in their mind of what they want. So, before anything else, you will need to establish your goals. Once that is done, define the steps necessary to achieve them.
The next step is to gather the maximum information possible about the business model you selected. You can obtain information and advice by visiting your local small business association(SBA). In the USA the SBA is an independent agency created by the federal government to aid and assist the interests of small businesses. There are similar agencies and class associations in most countries of the world.
The Internet is another excellent source of information. Thousands of websites, groups, boards and forums provide quality information and advice for small business owners and for those thinking of starting their own business. All they need to do is run searches on search engines for specific words pertinent to your business. To find related forums they only need to add the word “forum” after these words.
A Forum is a community of website owners, business owners and experts in various fields, that can answer your business questions and provide you with free business advice based on their own real-life experiences.
Creating and starting a business without doing proper research or without getting expert advice may represent a serious risk to your chances of success. Don’t do it, specially when you can get the information and help you need by posting your queries as a free member of an online business forum.