Forums: Discussions for entrepreneurs and small business.

business...what it takes?

Financing and good credit. If you have a solid credit history and a checking account plus a stable job, chances are you'll be able to qualify for a small business loan. There are many companies that can help with this.

Every business enterprise of whatever nature and size generally needs capital. A businessman may borrow on his policy to finance his business. Asking your family and friends to invest is the often easiest way to come up with business capital.

Persistence!

Exactly.

Probably your first step should be to read The EMyth by Gerber.  Then build yourself a simple business plan around your new business.  It has to be something you love to do, and something you are passionate about.  If you currently have a "day" job, consider launching the business during the evening and weekend hours.  If you are not willing to work evenings and weekends, you shouldn't be in business for yourself anyway!!!

Keep overhead to a minimum for the first year/2. 

These are simple steps for launching a business without investors or loans.  I would suggest you build the business a bit before you even consider partners.....because once you have partners, your vision will become influenced....(not that it's all bad, it's just distracting)  Also read Mahan Khalsa's "Let's Get Real or Let's Not Play" if you are going to be consulting or selling face to face.  If selling over the internet....get involved with Stompernet.com  and a local group. 

Good Luck!  www.cynergysoftware.com

Building rapport with clients is a must for any business large or small.  I use association management software to help track client's activities to enable me to discuss relevant issues with them.  Good luck with your future endeavors!

I think Courage & Tenacity are the two qualities that one needs. Courage to go outside your comfort zone (cold calling anyone) and tenacity to stick in there and to never give up on your idea/vision.