Self Employment is hard but it can be the most rewarding. You are responsible to yourself in getting the business going so study every move. You do not want to be a statistic.
First and most important remember that you are running the business. What the business does is secondary. If you don't run the business you will soon fail. Many people who lose their jobs, open a business so that they continue their jobs. It doesn't work that way.
Second, only buy what you can't rent, lease or borrow. You need to preserve cash flow and paying cash for a piece of equipment or using a credit card will quickly put you behind the 8 ball.
Third, only hire an employee or sub contractor when you know exactly what it is they are going to do for you. To many of us hire people without knowing if we have the work to keep them busy.
Forth, keep your day job. The pay is good but the benefits such as medical insurance is very important.
Fifth, be careful with your marketing budget. You will be bombarded for your advertising dollar.
Finally talk with people who are in your field. And have already done what you are looking to do. Ask them the hard questions. They will answer you honestly, (in my experience), and you can use that information to run your business.
Good luck, it is a fabulous ride
Mike Crosa, Distributor
Increasing my clients bottom line one card at a time with Appreciation Marketing
Mike Crosa SendOut Cards Distributor
Helping my clients increase their bottom line, one card at a time.
Send a card on me www.sendoutcards.com/cardcoach