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what are some tips for starting a business?

I want to start a business and would like some tips to starting one? should I go to college and get a business degree or no? #business

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Subject: Career question for you

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Rebecca’s Answer

I am glad to hear that you plan to become a entrepreneur. Have you thought about what industry you would like to start your business? Obtaining a college degree is not a must but I recommend to do. It can help you acquire the knowledge and skill to run your business.
I suggest approach below :
1. Identify the industries you would like to start your business. It can be something related to your hobbies, interesting subjects, etc. You can have a few of them.
2. Do analysis of these industries, e.g. market status, competitive situation, entry barrier, any substitutes, etc. You can then shortlist 1-2 industries you would like to start you business
3. Identify the relevant subjects of the industry in the college. You can then find out the entry criteria of the college.
4. After entering the college, you can explore any intern opportunities to work in the industry to understand the business model and establish network in the industry
5. After graduate from the college, you can consider working in industry first to gain some experience and save some fund for the startup. If possible, you can consider to start the business online first.
6. You can also consider to take a MBA to acquire business relevant knowledge and skill, e.g. Accounting, Business Administration, Finance, etc. to run your business.
Hope this helps! Good Luck!
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Anthony’s Answer

Please, note the following concerning starting a business :-
1. Consideration of the type/kind of business.
2. Consideration of the goal/ goals.
3. Analyse the INTEREST and
KNOWLEDGE you have in the
business.
4. The extent of EXPERIENCE and
ABILITY you have to perform
the activities.
5. Hardworking, faithfulness,
honesty and transparency are
needed.
6. A degree in business or its
equivalent is a good idea.

Best wishes to you.
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Kurt’s Answer

A college Degree would help a lot.
I got mine AFTER i started managing a business unit, and what I learned would have been helpful earlier.

But if your "on the fence" about it, why not try some business classes at a Community College first?
Those are not that expensive, and a good place to "try out" some things and see if business ownership/management is the right fit for you.
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