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WHAT BASIC KNOWLEDGE YOU NEED TO START A BUSINESS
When you are going to start your business you will find yourself asking either of these questions:
• "How much experience do I need to start this business?"
• "Do I have enough experience to start this business?"
Here I can advise you that go ahead and wish for the best, or go slowly studying every single step.
One of the video distribution industry when she started BigKidsVideo.com to distribute independently produced children's videos were the Tamara Carlisle has no knowledge in this business.
One of the important personal traits of an entrepreneur is the willingness to explore new horizons and accept risks. You need to have self-motivation or the characteristic that gets you going and keep you moving when you are in business for yourself. It is the trait that will push you to continue despite drawbacks, such as minimal capital, lack of education or limited experience. Knowledge and experience are important. In fact, studies show that lack of business experience is one of the primary reasons for the failure of a business.
You can also opt to get an on-the-job training to give you some hands-on experience in the field you are interested in. Starting a new small business is the dream of many people ...starting that business converts your dream into reality. But there is a gap between your dream and reality that can only be filled with careful planning. As a business owner, you will need a plan to avoid pitfalls, to achieve your goals and to build a profitable business.
These are some of the advantages and pleasures of starting and operating your own business. If you have employees, you must meet a payroll week after week. You must always have money to pay creditors - the man who sells you goods or materials, the dealer who furnishes fixtures and equipment, the landlord if you rent, the mortgage holder if you are buying your place of business, the publisher running your advertisements, the tax collector, and many others. All of these must be paid before you can consider the "profits" yours.