Business Insights
In this series I will be discussing how to identify why you want to start a business and walk you through the process of getting your business idea out of your head and put it in motion. I have owned several businesses over the last 35 years, my last business I had for 19 years in the online on demand fulfilment industry servicing many major retail stores, fortune 500 companies as well as major website retailers nationwide. I have learned a lot from all of my years in business and my goal is to share as much knowledge that I have attained as well as my mistakes and how I over came them.
Episodes
Are you self employed or do you have a self sustaining business, working on vs in your business? I will go over the difference between these and explain the features and benefits of both.
Research is the second most critical phase of starting a business. I will go over how, who and what to research before investing in a business.
I break down into simple steps what a business plan is, how to create a business plan and to use one.
This episode explains the difference between an employee and a sub contractor according to the IRS, also I talk about the benefits and drawbacks to both employees and sub contractors.
Do you have what it takes to start and run a business?
Today I discuss what are moving parts when it comes to business models, setting up structure with policies and procedures to minimize mistakes. I also go into partnerships and why you need an exit strategy even if you are best friends with your future partner.
There are roughly 7 business models with many variations of each. In this episode I will be explaining these business models with examples of how they might be applied.
If you're thinking of starting a business, the first thing you will need to do is identify why, there are many reasons you might want to to start a business. In this episode I will explain the importance of making a detailed list of your motives to starting this new business as well as give you some real life examples of how this will be crucial for you if you wish to enjoy this new adventure.
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