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  Category: Articles » Finance » Investing » Article

Would You Like To Know How To Start A Small Business ?

By Susan Dean

If you are someone asking the question - how to start a small
business - then I guess you are also someone who is frustrated
working for someone else. If this is you then you need not feel
alone. Many of us who have worked for others will at some time
wonder what it would be like to be working for ourselves. Still
working long hard hours but reaping the rewards for ourselves
instead of for someone else.

Wouldn't it be great to put your own ideas into fruition and see
how that grows. Lets face it, that's how most larger businesses
started out. Imagine doing just that and end up being the boss
instead of the employee. Of course having this dream eventuate
is not so simple. First off you need to know what type of
business you want to start. Then most importantly you need to
find out how to start a small business.

There are many different courses that you can take to learn about
business and in particular small business. It is advised that you
do this before diving into the deep end. You need to do lots of
research not only in how to start a small business but also in
finance and marketing. Once you have found the product you want
to sell then you must market that product. There is so much to

Another good thing to do is to talk to other people who work
for themselves and find out how they got started out. More
importantly learn from their mistakes because just about
everyone who runs their own business will have made mistakes.
Some of these mistakes can be unavoidable and non detrimental
but some can have devastating effects on your livelihood.
Remember, failing in a small business can and will probably
affect more than your job but your overall finances and your
family life too.

To go out alone in this world means you will have to have
financial backing and if you don't have the funds yourself then
you will have to take out a loan. This is fine as this is part
and parcel of working for yourself but if you do not have things
in place correctly and you have not learnt how to start a small
business properly then you may find that you will be in trouble
very quickly indeed.

To work for yourself is way harder than working for someone else.
Obviously it has its positives such as tax benefits, not having a
boss, making your own decisions and the opportunity to make more
money but that is only if things work out right. Working for a
company other than your own also has its positives like
superannuation, health insurance, sick pay and holiday pay. You
don't get all those things paid for you when you are working for

So before you make any major decisions about going it alone, do
your homework first by researching on the internet, doing courses
and speaking to people.

Article written By Susan Dean.

About the Author
Susan Dean
advisor WA
wealth manager WA

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