Five things to think about before starting a business.

Posted At : September 20, 2007 8:22 AM | Posted By : Naomi
Related Categories: Articles

I was asked some questions for Kirsty Dunphey's newsletter so I thought I'd share some of them here too.

What 5 pieces of advice would you give to someone wanting to start their own business?

  • Know the difference between a hobby and a business
  • Love what you do and do what you love
  • Systems will set you free (1% idea - 99% execution)
  • Understand cashflow - (there is no business without cash in the bank - even if you are making a profit on paper)
  • Have a clear vision…and stick to it - you've got to know where you are going to make the first step

 

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