Skip to main content
2 answers
2
Asked 797 views

How hard is it to set up and run your own business?

How hard is it to set up and run your own business? #business

+25 Karma if successful
From: You
To: Friend
Subject: Career question for you

2

2 answers


0
Updated
Share a link to this answer
Share a link to this answer

Phillip’s Answer

Hi , this depends on many factors
if you really enjoy what you are doing , it would no longer be like work
for me working at a job was lots of work with low pay
working in labor intensive businesses is hard ( i had a tow truck service long hours few days off little sleep)
now being in the Home rental business in the beginning was hard ,collecting rents is easy .
being your own boss is one of the most rewarding things in life
at least the hard work pays off in the long run .

0
0
Updated
Share a link to this answer
Share a link to this answer

Francisco’s Answer

Hello,


It's great to hear that you are thinking about starting a business Setting up a business is hard work. Regardless of the type of business, you should
create a business plan that clearly identifies what you need to do and the timing in which you complete each step. This business plan requires
the following basics:



  1. What is your business and how do you differentiate it from similar ones?

  2. What are the startup costs for equipment, licenses, deposits, etc?

  3. What are the recurring costs?

  4. How much money do you need to make in order to break even? How long will it take?

  5. How much money do you need to make as an individual for your to live?

  6. What services and products will you offer initially? How do you grow your business?

  7. What are the time frames you want to achieve all the above?

  8. Do you have the money to start this business and do you have the resources to survive
    while you are building the business?


These are just a few questions you need to answer. Websites like this offer a guideline
https://www.sba.gov/starting-business/write-your-business-plan


Good luck!

0