Passion Alone Is Not Enough to Open a Business Small-business owners usually start a company because they have a passion for a particular product or service. However, people should not open a bakery just because they love baking cakes. If you love baking, get a job as a baker. There are many functions associated with running a business. Before you quit your day job, make sure that you know how each of these functions is going to be handled. In most cases, the founder will need to be good at doing the primary work of the business. It is important to remember that this most often includes selling. However, you will also need a plan for how to accomplish the ancillary functions -- accounting, information technology, etc. The most important thing for most entrepreneurs is to sell something. Put in place the minimum amount of infrastructure that you can get by with and focus on generating revenue. Many new businesses fail because they simply cannot generate enough revenue to sustain themselves. Test the viability of your business as quickly and as inexpensively as possible and everything else will follow. Read on: entrepreneur/article/237746
Posted on: Mon, 06 Oct 2014 11:00:01 +0000
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