Starting a Small Business

There is almost always a certain amount of risk involved with starting a small business. According to the Small Business Association (SBA), more then half of new small businesses will close down within five years. Underlying these sobering statistics is the unspoken financial turmoil, ruined credit, strained relationships, and personal stress that can accompany a business failure. Taking steps to minimize the risk inherent in starting up a new company is thus good business practice that, when done correctly, can save a tremendous amount of headache and heartache down the road. To that end, here are five essential tips to follow that will help minimize the risk of starting a small business. 1. First define your unique risks. Before you start your business, or as soon as possible, take out a piece of paper (you can do this electronically, but taking time to write it out will make it more real to you) and make a list of all the possible risks of starting a business in order of priority as you see them now. Why is this important? Because it will give you perspective, and it will help to focus on those risk areas that you are already aware of. 2. Create strategies to minimize the above risks. Now that you have identified some of the risks involved with starting your venture, develop a plan to help minimize them. Here are a few examples: To protect your personal assets:Avoid signing personal guarantees on any of your business' debt- especially if you are running a sole proprietorship or partnership. Also, make sure to consider taking out property and liability insurance policies. To help ensure that you have enough income to live on: If you are starting a new business chances are you will not be generating enough revenue to adequately pay yourself at the beginning. You also will have to cover startup expenses. To help minimize this risk, you can maintain another income stream on the side (or alternatively, keep your day job and run your new business on the side, until the business is more profitable). You could also wait to start the business until you have saved up enough money to help cover living expenses at the beginning, or you could take out a small loan for this purpose. lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial lilkimfansofficial To protect your work-life balance: If you are married, make sure that you check in with your spouse and other family members about starting a new business. Running a business typically takes more time and energy than working for an employer, and it can involve odd hours as well. This can put a strain on relationships. If you are afraid of getting too wrapped up in your business, then create some natural separations, such as not running it from your home, and if you do then trying to separate your work area as much as possible from your living quarters. You can also enlist the help of family and friends to keep you from overdoing it in your work schedule. 3. Make sure the business is a good fit for you. What experience, training, skills, or knowledge do you possess that can be used to run this business? Make an effort to enter into an industry and chose a business model that fits you and your unique strengths and qualities. Additionally, if you are lacking in industry or business management know-how, you could enter into a business partnership with others who have it. Moreover, make sure your business idea fits your personality. You can not run a restaurant if you do not like food, and you will have a hard time selling your services if you shy away from social situations. Finally, do you have the available time and commitment needed to start your own business? 4. Make sure you know how to run a business. Have you received any formal business management, business financing, or marketing training? If not, is it vital that you learn the basics of owning and operating your own company. There are numerous free business how-to articles, webinars, and tutorials available online, via the SBA or SCORE, for example that can help fill in this information gap. Moreover, it is vital that you get a mentor. Either ask someone you know to help you, hire someone, or consider tapping the resources of groups such as SCORE and and Micro Mentor which provide free business consulting and mentoring services. 5. Make sure you have done your research. Countless small businesses disappear into oblivion because their owners fail to invest adequate time and money in market research, product development, and business planning. They are thus out of touch with their target market and are unable to establish a niche nor respond to changes in consumer attitudes. Those who are unsuccessful as small business owners also fail to adequately assess their competition. Bottom line: by following the five tips above, you will be ahead of the game when it comes to minimizing the risk of starting a small business. Which one is better Blogger or WordPress? There are many blog host, but the top two are Blogger (Blogspot) and WordPress. They are both different, I think Blogger specializes in content and WordPress specializes in website traffic. https://telegra.ph/3-Ways-You-Can-Reinvent-BEST-BUSINESS-OPPORTUNITIES-Without-Looking-Like-An-Amateur-10-23 https://controlc.com/b993a29a https://notes.io/GvwG https://anotepad.com/notes/ghq658mw https://pbase.com/topics/sharontown94/how_to_handle_every_best_bus https://hutchinson-malling-2.blogbright.net/dont-just-sit-there-start-best-business-opportunities https://glud-funder.technetbloggers.de/here-is-a-method-that-is-helping-best-business-opportunities https://sharonclaus51.werite.net/post/2021/10/23/Find-Out-How-I-Cured-My-BEST-BUSINESS-OPPORTUNITIES-In-2-Days https://ashclaus71.bravejournal.net/post/2021/10/23/Turn-Your-BEST-BUSINESS-OPPORTUNITIES-Into-A-High-Performing-Machine https://www.folkd.com/submit/chasconliffe.blogspot.com// https://zzb.bz/GYHnS https://bom.to/J0JD2K https://shorl.com/kebyprotyrepre https://cutt.ly/4RR7myU https://s.id/ https://public.sitejot.com/facecry89.html https://flipboard.com/@troutice55 http://gematodiatrofi.hua.gr/wiki/index.php?title=The_Secret_of_BEST_BUSINESS_OPPORTUNITIES http://archives.bia.or.th/wiki/index.php?title=How_I_Improved_My_BEST_BUSINESS_OPPORTUNITIES_In_One_Easy_Lesson https://www.transtats.bts.gov/exit.asp?url=https://chasconliffe.blogspot.com/ http://pandora.nla.gov.au/external.html?link=https://chasconliffe.blogspot.com/ https://www.pcb.its.dot.gov/PageRedirect.aspx?redirectedurl=https://chasconliffe.blogspot.com/ http://www.drugoffice.gov.hk/gb/unigb/chasconliffe.blogspot.com/ http://www.astro.wisc.edu/?URL=chasconliffe.blogspot.com/ http://sc.sie.gov.hk/TuniS/chasconliffe.blogspot.com/ http://lodserver.iula.upf.edu/describe/?url=https://chasconliffe.blogspot.com/ http://www.bsaa.edu.ru/bitrix/rk.php?goto=https://chasconliffe.blogspot.com/ https://www.fcc.gov/fcc-bin/bye?https://chasconliffe.blogspot.com/ http://ezproxy.cityu.edu.hk/login?url=https://chasconliffe.blogspot.com/ https://historyhub.history.gov/external-link.jspa?url=https://chasconliffe.blogspot.com/ https://bbs.pku.edu.cn/v2/jump-to.php?url=https://chasconliffe.blogspot.com/ http://gmprvolg.ru/user/ashhelmet73/ https://www.misterpoll.com/users/cottonhelmet619 http://vinculacion.udla.edu.ec/forums/forum/ideas-y-vinculacion/ https://vuf.minagricultura.gov.co/Lists/Informacin%20Servicios%20Web/DispForm.aspx?ID=12581 http://www.alexandria.gov.eg/Lists/comp_new/DispForm.aspx?ID=704080 https://www.mixcloud.com/trouthelmet06/ https://www.pinterest.com/hvidbergbengtson/ https://list.ly/brodersennoble678 http://bioimagingcore.be/q2a/index.php?qa=user&qa_1=facemodem14 https://splice.com/ashcry00 https://vimeo.com/ashcry97 http://www.eduvision.edu.pk/counseling/index.php?qa=user&qa_1=noveloboe41 https://www.wattpad.com/user/novelice67 https://lib02.uwec.edu/ClarkWiki/index.php?title=The-Ugly-Truth-About-BEST-BUSINESS-OPPORTUNITIES-e https://setiweb.ssl.berkeley.edu/beta/team_display.php?teamid=2778813 https://git.sicom.gov.co/garageclaus62 http://www.dellemimose.it/index.php?option=com_k2&view=itemlist&task=user&id=1867136 http://git.radenintan.ac.id/noveltown12 http://www.autogm.it/index.php?option=com_k2&view=itemlist&task=user&id=1979856 http://www.authorstream.com/garagehelmet17/ http://qa.supermap.com/index.php?qa=user&qa_1=headclaus18 https://genius.com/garageoboe45 http://www.nidiinfanziaolbia.it/index.php?option=com_k2&view=itemlist&task=user&id=3094155 https://intensedebate.com/people/faceswamp81 https://www.ted.com/profiles/31135491 https://www.bonanza.com/users/50683859/profile https://ask.fm/ashcry797398 https://forums.ppsspp.org/member.php?action=profile&uid=1508917 http://appdev.163.ca/dz163/home.php?mod=space&uid=4130970 http://www.sygk100.cn/home.php?mod=space&uid=8973047 http://www.ccwin.cn/space-uid-5442693.html http://www.bbs.91tata.com/home.php?mod=space&uid=7758531 https://dailyuploads.net/yz91uwopp0o1 http://www.docspal.com/viewer?id=nohywadj-19318043 https://www.file-upload.com/rvsxiaxjina5 https://files.fm/f/kt5wjfe3p I personally think Blogger is better because the better content you have the better traffic you get! WordPress only tracks traffic for you, so if people know you can see where you get your traffic then they might link to you thinking you will link back to them. On the other hand Blogger does not have a website traffic app, so people might not link to you because you won't know they did in the first place.... understand? It may be complicated but you will understand. Also Blogger has better content because they have 1,000's of apps to put on your blog. Think that's great right, that's what I thought when I first found Blogger, but think again those apps take time to load right? Some of those apps take 30 seconds to load! So, if you had 3 bad apps it may take 1 min. 30 seconds to load your blog.Ouch!!! Their are other reasons I chose Blogger. One of the main reasons that I chose Blogger is because of their section on money when your editing. As you know or you may not know Google owns Blogger and Google AdSense. So there is a very easy way to put Google AdSense on you blog, so you can make money faster think that's good just wait! They also partner with Amazon.com you can sell any of their products and make money if they sell! You can even put them in your post very very easily!! Now I have told you about Blogger and WordPress make your decision... If you are deciding between Blogspot hosting or another kind of free hosting, you are probably concerned of your website to some degree at least. Otherwise, you would simply use any hosting that you can find free of charge. You are probably quite new and though you are concerned of your site, you may want to limit your expenses at this point, especially since you are not really earning from your venture online, yet. This is perfectly understandable. Blogspot hosting, which is offered by Blogger (of Google), is the most talked about free host and there are reasons for this. This is probably the most reliable free hosting available out there. But you should know that it is limited to the hosting of blogs only, so unless you are running a blog, this cannot be a consideration for you. In case you don't already know, a blog is like an online diary which is updated every time you submit a post or an entry. Depending on your needs, a blog may or may not be suitable. https://telegra.ph/10-Things-You-Have-In-Common-With-BEST-BUSINESS-OPPORTUNITIES-10-23 https://controlc.com/5d33293a https://anotepad.com/notes/586p9qfj https://notes.io/GvaG https://pbase.com/topics/squarecourse0/a_surprising_tool_to_help_yo https://eason-strong-2.blogbright.net/little-known-ways-to-rid-yourself-of-best-business-opportunities https://grace-huffman.technetbloggers.de/short-story-the-truth-about-best-business-opportunities https://starthouse4.werite.net/post/2021/10/24/The-Secret-of-Successful-BEST-BUSINESS-OPPORTUNITIES https://www.folkd.com/submit/mitchelltytler.blogspot.com// https://zzb.bz/fu5u6 https://bom.to/e4FiAJ https://shorl.com/rydibrirynove https://cutt.ly/iRTeCzP https://s.id/ https://public.sitejot.com/startcrib2.html https://flipboard.com/@zippercolon0 http://gematodiatrofi.hua.gr/wiki/index.php?title=4_Ways_You_Can_Grow_Your_Creativity_Using_BEST_BUSINESS_OPPORTUNITIES http://archives.bia.or.th/wiki/index.php?title=How_To_Improve_At_BEST_BUSINESS_OPPORTUNITIES_In_60_Minutes https://www.transtats.bts.gov/exit.asp?url=https://mitchelltytler.blogspot.com/ http://pandora.nla.gov.au/external.html?link=https://mitchelltytler.blogspot.com/ https://www.pcb.its.dot.gov/PageRedirect.aspx?redirectedurl=https://mitchelltytler.blogspot.com/ http://sc.sie.gov.hk/TuniS/mitchelltytler.blogspot.com/ http://www.drugoffice.gov.hk/gb/unigb/mitchelltytler.blogspot.com/ http://www.astro.wisc.edu/?URL=mitchelltytler.blogspot.com/ https://www.misterpoll.com/users/chequeyarn28 https://www.fcc.gov/fcc-bin/bye?https://mitchelltytler.blogspot.com/ http://ezproxy.cityu.edu.hk/login?url=https://mitchelltytler.blogspot.com/ http://www.bsaa.edu.ru/bitrix/rk.php?goto=https://mitchelltytler.blogspot.com/ https://historyhub.history.gov/external-link.jspa?url=https://mitchelltytler.blogspot.com/ http://lodserver.iula.upf.edu/describe/?url=https://mitchelltytler.blogspot.com/ https://bbs.pku.edu.cn/v2/jump-to.php?url=https://mitchelltytler.blogspot.com/ http://gmprvolg.ru/user/startcrib2/ http://vinculacion.udla.edu.ec/forums/forum/ideas-y-vinculacion/ http://www.alexandria.gov.eg/Lists/comp_new/DispForm.aspx?ID=704369 https://vuf.minagricultura.gov.co/Lists/Informacin%20Servicios%20Web/DispForm.aspx?ID=12562 https://splice.com/zipperyarn7 https://vimeo.com/zippercourse7 https://www.mixcloud.com/flockcourse1/ https://www.pinterest.com/carstensfeddersen/ https://list.ly/carrpatterson358 https://ask.fm/startcourse22 http://www.dellemimose.it/index.php?option=com_k2&view=itemlist&task=user&id=1867587 http://www.eduvision.edu.pk/counseling/index.php?qa=user&qa_1=zippersteam0 https://www.wattpad.com/user/dimecolon8 http://bioimagingcore.be/q2a/index.php?qa=user&qa_1=zipperdate4 https://setiweb.ssl.berkeley.edu/beta/team_display.php?teamid=2779059 https://lib02.uwec.edu/ClarkWiki/index.php?title=I-Dont-Want-To-Spend-This-Much-Time-On-BEST-BUSINESS-OPPORTUNITIES-How-About-You-b http://git.radenintan.ac.id/flocksteam4 http://qa.supermap.com/index.php?qa=user&qa_1=flockcourse5 http://www.autogm.it/index.php?option=com_k2&view=itemlist&task=user&id=1980379 https://www.bonanza.com/users/50684673/profile http://www.nidiinfanziaolbia.it/index.php?option=com_k2&view=itemlist&task=user&id=3094680 https://genius.com/starttrick2 https://intensedebate.com/people/zippersteam http://www.authorstream.com/flocktrick2/ https://www.ted.com/profiles/31136136 https://forums.ppsspp.org/member.php?action=profile&uid=1509044 http://www.sygk100.cn/home.php?mod=space&uid=8982937 http://appdev.163.ca/dz163/home.php?mod=space&uid=4131133 http://www.bbs.91tata.com/home.php?mod=space&uid=7763419 http://www.ccwin.cn/space-uid-5445875.html https://dailyuploads.net/4hppvdqsrqvu https://www.file-upload.com/7nd3j1nmmy8s http://www.docspal.com/viewer?id=qmwephrm-19318433 https://files.fm/f/khuzb53x2 If the latter is the case, the alternative is probably the traditional website, which mainly consists of a home page, an about page, a contact us page and other web-pages. This kind of website may be more complex but obviously, more versatile as well. For instance, more payment options can be incorporated in this kind of website as opposed to Blogger's blogs. If a blog is suitable for you, Blogspot hosting is highly recommended, but you should be aware of the limitations of this free hosting. By now, you should already know that hosting is the life blood of your site, because no matter how great your site is, it is live on the internet only because it is hosted by a host. In other words, you do depend very much on your host. Depending on the nature of the contents on your site, it may be shut down if Blogger received complaints. You may contact Blogger on this matter but there is no guarantee whether or how fast can this be resolved. You usually cannot depend on the support provided with free hosting. Blogs under Blogspot hosting may also be a little slow to load. Imagine if your site has a lot of traffic or worse, people click off without ever seeing your site because they are impatient to wait for the page to load. The latter is not surprising in the online world because there are countless web-pages out there beside yours. Some people start with free hosting such as Blogger and later migrate to their own host when they realize that they are getting a sizeable audience. Not that you can't do that, but there are disadvantages to it. https://telegra.ph/If-BEST-BUSINESS-OPPORTUNITIES-Is-So-Terrible-Why-Dont-Statistics-Show-It-10-23 https://controlc.com/73f73470 https://notes.io/Gvdk https://anotepad.com/notes/n3a46bky https://pbase.com/topics/lookairbus9/why_best_business_opportunit https://shea-mcqueen.technetbloggers.de/how-to-learn-best-business-opportunities https://sandberg-sejersen.blogbright.net/what-zombies-can-teach-you-about-best-business-opportunities https://pianodahlia8.werite.net/post/2021/10/24/The-Philosophy-Of-BEST-BUSINESS-OPPORTUNITIES https://cavebrick6.bravejournal.net/post/2021/10/24/3-Simple-Tips-For-Using-BEST-BUSINESS-OPPORTUNITIES-To-Get-Ahead-Your-Competition https://www.folkd.com/submit/mohammadwurts.blogspot.com// https://zzb.bz/NRql5 https://shorl.com/nyjobonatohy https://bom.to/BS87jh https://cutt.ly/vRTr061 https://s.id/ https://flipboard.com/@springfired6 https://public.sitejot.com/cavecalf3.html http://archives.bia.or.th/wiki/index.php?title=Where_Can_You_Find_Free_BEST_BUSINESS_OPPORTUNITIES_Resources http://gematodiatrofi.hua.gr/wiki/index.php?title=Theres_Big_Money_In_BEST_BUSINESS_OPPORTUNITIES https://www.transtats.bts.gov/exit.asp?url=https://mohammadwurts.blogspot.com/ http://pandora.nla.gov.au/external.html?link=https://mohammadwurts.blogspot.com/ https://www.pcb.its.dot.gov/PageRedirect.aspx?redirectedurl=https://mohammadwurts.blogspot.com/ http://www.astro.wisc.edu/?URL=mohammadwurts.blogspot.com/ http://www.drugoffice.gov.hk/gb/unigb/mohammadwurts.blogspot.com/ http://sc.sie.gov.hk/TuniS/mohammadwurts.blogspot.com/ http://www.bsaa.edu.ru/bitrix/rk.php?goto=https://mohammadwurts.blogspot.com/ http://lodserver.iula.upf.edu/describe/?url=https://mohammadwurts.blogspot.com/ https://www.misterpoll.com/users/lookfired41 https://www.fcc.gov/fcc-bin/bye?https://mohammadwurts.blogspot.com/ http://ezproxy.cityu.edu.hk/login?url=https://mohammadwurts.blogspot.com/ https://bbs.pku.edu.cn/v2/jump-to.php?url=https://mohammadwurts.blogspot.com/ http://gmprvolg.ru/user/cavecalf5/ https://historyhub.history.gov/external-link.jspa?url=https://mohammadwurts.blogspot.com/ http://vinculacion.udla.edu.ec/forums/forum/ideas-y-vinculacion/ https://vuf.minagricultura.gov.co/Lists/Informacin%20Servicios%20Web/DispForm.aspx?ID=12528 https://www.mixcloud.com/stewlily2/ https://list.ly/bradfordwalls748 https://vimeo.com/turkeycalf9 http://bioimagingcore.be/q2a/index.php?qa=user&qa_1=turkeyairbus9 https://www.pinterest.com/bradfordwalls748/ https://splice.com/cavelily8 http://www.alexandria.gov.eg/Lists/comp_new/DispForm.aspx?ID=704440 http://www.dellemimose.it/index.php?option=com_k2&view=itemlist&task=user&id=1867659 https://www.wattpad.com/user/harborfired8 http://git.radenintan.ac.id/turkeyfoot2 https://setiweb.ssl.berkeley.edu/beta/team_display.php?teamid=2779115 https://www.bonanza.com/users/50684770/profile http://www.autogm.it/index.php?option=com_k2&view=itemlist&task=user&id=1980460 http://qa.supermap.com/index.php?qa=user&qa_1=frowndahlia4 https://lib02.uwec.edu/ClarkWiki/index.php?title=You-Will-Thank-Us--10-Tips-About-BEST-BUSINESS-OPPORTUNITIES-You-Need-To-Know-s https://intensedebate.com/people/stewlily4 https://genius.com/cavelily0 http://www.nidiinfanziaolbia.it/index.php?option=com_k2&view=itemlist&task=user&id=3094778 http://www.authorstream.com/stewbrick9/ https://git.sicom.gov.co/stewairbus7 https://ask.fm/pianolily5358 https://www.ted.com/profiles/31136241 https://forums.ppsspp.org/member.php?action=profile&uid=1509068 http://www.sygk100.cn/home.php?mod=space&uid=8984620 http://appdev.163.ca/dz163/home.php?mod=space&uid=4131155 http://www.ccwin.cn/space-uid-5446416.html http://www.bbs.91tata.com/home.php?mod=space&uid=7764091 https://www.file-upload.com/spkupglngakz https://dailyuploads.net/brna7jck57ce http://www.docspal.com/viewer?id=xpwiqojd-19318509 https://files.fm/f/dr3md9k2m For example, your site ranking may be affected and then it will take time to achieve its usual position. You run the risk of losing some of your regular visitors. All this can translate to a drop in earnings.