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To: Optimus Prime

Try to NOT borrow any money.

Work out of your home / garage for free rent first. Less risky ?

Work in the field / profession as an employee first. This may help you decide if you want this type of work before investing any personal money.

Get good insurance, set up legal protection so as to not lose your home if things do not go well ( Think LLC or such ).

Talk to local retired business owners at Rotary, Elk, Eagles, your church...for local issues.

Do a detailed, written business plan and budget.


15 posted on 04/24/2009 3:45:03 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76
Work in the field / profession as an employee first. This may help you decide if you want this type of work before investing any personal money.

Best advice yet.

I would suggest working in the field for at least two years before starting your own business.

23 posted on 04/24/2009 10:18:00 PM PDT by Sherman Logan (Everyone has a right to his own opinion, but not to his own facts.)
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