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Be Smart About Your Business Path

It seems like you should have done some sort of business planning to get an idea of how you are going to start your business before you choose a business path, right? And by business path, I am saying, for example, quit your job and just jump into your own business, start as a side gig, or perhaps purchase a franchise.

Suppose it’s your dream to create a business unique enough to eventually franchise and grows so big an investor wants to buy you out. 

That’s a great dream, but that dream won’t come to fruition without a solid structure from the beginning. People don’t just stumble into that sort of success. 

Edward Hillary people do not decide to become extraordinary, they decide to accomplish extraordinary things

Suppose it’s your #biz dream to create a franchise or grow so big an investor will buy you out. That dream won’t come to fruition without a solid structure from the beginning. #business #planning

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Creating a business plan and sticking to it provides a structure that will support the growth — including rapid growth — of your business. 

Here are some things you will want to consider as you establish your business:

  • What do you want to achieve with this new business?
  • Are you looking for a steady source of income? A retirement side gig? A side gig that can move you out of your current job? 
  • What size of business do you have in mind?
  • Are you happy dealing with customers one on one or working alone as a solopreneur? 
  • Do you envision your business growing large enough to need staff?
  • Do you want to stay local or does the idea of busting county and state lines excite you?
  • Will you need a retail, manufacturing, or office space?
  • Do you want to stay small or do you want to be the next public offering on Wall Street?
Ambani if you don;t build your dream someone else will hire you to build theirs

Maybe it seems a little early to ask these questions considering you don’t even have business cards yet — but laying a solid foundation from the start is what makes the difference between a successful business and one that will be old news by next year.

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