Starting a business can be an extremely liberating act. You eliminate your boss, you eliminate wasted costs, and you can focus on your passions. Unfortunately, starting a business can also be an extremely overwhelming act. You no longer have a boss, the responsibility rests with you to make the right choices, and there is no guaranteed, steady income as my boss at Premier Factory Safety have found out. So to help ensure your new business brings you liberty and not anxiety, here are 6 tips for effectively starting a new business.
- Save – The number one stressor when starting a new business is income replacement. Some will use lending as a back-stop, others will use retirement funds, and still others will have cash savings available. While all three will provide an ability to pay the bills while starting a business, the first two can have costly long-term ramifications in the