Starting Your Own Business  |
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| A few years ago, my husband and I considered starting a bed and breakfast. We purchased 28 acres of county land. We considered having horses and trails for hiking and horseback riding. We signed up for a “start your own business class”. We attended classes with representatives from the state tax department, IRS, bank and Small Business Administration. We came away with a lot of knowledge that was mixed with doubts. After weighing our pros and cons, we decided against it. Today, I am glad we did not take the next step. There were 2 other couples attending the seminars that was also interested in starting a bed and breakfast. Both of them did start the business. Both have since closed the doors and sold out to home owners. There is no Bed and Breakfast in our area now. Again, we are considering a cottage industry. We have pulled out our books and information. I have also found a lot of info online. I am amazed at how much info is online. There is no need to attend a seminar again. I found everything online, that was taught in the classes we attended. The internet has made learning and starting a business so much easier. If you have ever thought about starting your own business, this is a must read for you. The Small Business Administration has online courses that will walk you through each step of the process. It begins with a small business planner. This planner includes information and resources that will help with each stage of the process of business. It has a start to finish management. The Start up tells you: How to get financial start up. How to name your business How to get licenses and permits Where to locate The Management tells you: How to market and price How to pay taxes How to get insurance How to handle legal concerns The Getting out tells you how: To plan your exit Sell your business Transfer Ownership The Services area explains financial Assistance: Basics Grants Loan eligibility SBA Loan Loan Programs They also offer FREE ONLINE COURSES . http://www.sba.gov/servic... They will teach you how to | | | | | |
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1. lilaclady (22685)
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5 years ago
| | I did the very same thing years ago when I was made redundant, I was going to open up a craft/gift shop but now I look back all those obstacles that seemed to get in the way all the time were really a blessing, I got to spend quality time with my mum before she passed away and many more wonderful things happened to me that would not have if I had have opened my shop.... | | | | | | |
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2. sunnypub (1603)
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5 years ago
| | This is a great post and I think it is great of you to share this information. I think too many people just jump into a business and then wonder why it fails. To really be successful you have to do the research, it is just common sense. It sounds like you made the right choice about the bed and breakfast business. I sure hope you can decide what business you want to own and the go for it and become hugely successful. Good luck to you. | | | | | | |
villageanne (5891)
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5 years ago
| | I agree that too many people dont do the necessary research. They just dive in and too many times they cant survive. They go bankrupt | | | |
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3. hoghoney (2405)
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5 years ago
| | me and my boyfriend opened a little shop in the town that we live in but it didnt go very well either we learned that people in a small town dont really support their own. so we just use the shop of other stuff or someplacejust to go do things at. we didnt want to give up the building because we only pay 150.00 a month of it as its real big it was a bargin so we just keep the shop. we kind of call it our play place. | | | | | | |
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4. byfaithonly (6284)
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5 years ago
| | This is wonderful information to know and a very helpful link. I've for years dreamed of having a bed and breakfast but have never gone further than dreaming. I know there is one in our county that is very popular but I've never stayed there. Also a distant cousin of mine I found when doing family geneology is a decorator and has made trips all over the country to assist bed and breakfasts in decorating using antiques and period pieces. | | | | | | |
villageanne (5891)
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5 years ago
| | I wish we could edit our discussions. I typed more to this discussion but it is not there. Weird. Anyway, here is another link that has alot of info Another site that will be a great help to you is Score . It counsel to American Small business. It also offers free downloadable software to use with your business http://www.score.org/ | | | |
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5. howellslj (1107)
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5 years ago
| | Great info, thanks. I am considering a business of my own and am very hesitant at the risks involved ad overwhelmed at the process of things that have to be done. | | | | | | |
villageanne (5891)
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5 years ago
| | There is alot of research to be done before starting your own business. I hope this site will help you with that research. | | | |
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7. Willowlady (8976)
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5 years ago
| | Thanks for all this information. The statistics say alot of bussinesses do not last. Not sure if you would have been part of that statistic, we will not know now. Seems like one that you could try now. Will book mark this site and will use it when we get back on our feet and prepare to market garden. This is will indeed help. Thanks again for sharing it here for Mylotians. | | | | | | |
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villageanne (5891)
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5 years ago
| | I am glad that you will be able to use it. I love to share knowledge to help others. I hope you find answers to your questions here. Good luck with your venture | | | |
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9. hinocki (569)
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5 years ago
| | My biseness qill start only when i'll be doctor in economy and some banc will call me to make me work. Every morning at home, every evening at making my life better. | | | | | | |
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10. western_valleygirl (804)
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5 years ago
| | I am glad that you found all that you needed online. Yes, everything is on the internet, however, I had to go to college to learn all that (I am a business major, which I know I have mentioned a lot), because I love to learn and want to get my degree. However, reading everything you wrote, I believe you have learned everything that we have also, and so I believe that you should be just fine. Because, what you really need to succeed, is a little of both, education and experience, which is what you have. | | | | | | |
villageanne (5891)
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5 years ago
| | I believe that knowledge is power so I am always trying to learn things. We did learn alot at the seminar but everything that we learned can be found online. Now that I know what to look for. I just wanted to share with others so they may benefit from this knowledge also | | | |
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| | A Perfect Business Plan 1. MBA Writer 2. Research 3. Financials 4. Proofed 5. Designed Trusted www.wisebusinessplans.com
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