New Start up Business.
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Thread created 05-06-2013 by calnbs
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A partnership eh? So what happens if on a big decision like how to invest 50K you both disagree? Having a business partner is like being married to them, what happens if you decide to part ways? Who...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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A good type of new business is one that meets peoples needs. A great one meets needs they didn't know they had.
New Start up Business.
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Thread created 05-06-2013 by calnbs
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I agree that those steps are needed, I was oversimplying it in terms of good food speaks for itself, but by all means, you don't leave it at that.
New Start up Business.
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Thread created 05-06-2013 by calnbs
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Probably b/c Jeff didn't do it right, or did not plan it right. :lmao:
What is the point of starting a business? to suffer? to fail? if that what you intended, then don't start one.
New Start up Business.
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Thread created 05-06-2013 by calnbs
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I disagree. This is a huge mistake a lot of new entrepreneurs make. There is much more to opening and running a successful business. Someone's passion and ability to cook does not overcome the...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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What would be people's opinions of type of business to start in these days? If you have a passion for cooking, a food truck sounds like a good business to start up. If you are good, the marketing...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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No posts matter until you tell us what type of business and what your plan is.
New Start up Business.
Expired
Thread created 05-06-2013 by calnbs
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It depends on what kind of industry you choose. In my opinion it's better to start selling something or open restaurant business. After that, when you get some experience and capital you can try...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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While the numbers are often the least scrutinized part of a business plan from an outsider's point of view (potential investors, etc.), they are very helpful to the entrepreneur themselves as they...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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Established companies that run financial models before implementing a strategy is different in my opinion. There have been massive failures that I'm sure looked pretty good on paper but generally if...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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Not sure I agree with this. Yes they are guesses but they should be educated ones. You don't think every company runs a financial analysis prior to implementing a strategy?? The key to the analysis...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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Exactly! They are based on guesswork. A business plan will have better value if your business has been running and you are looking to expand and want bank financing.
You are not going to get much...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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Meh finances for a start-up are almost pointless as they are based entirely on assumptions. Running a monte carlo simulation will help a bit but still the finances are only as good as the assumptions...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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There are so many variables to that question that it's pretty meaningless.
The general answer is that statistically, you have a much higher chance of failure than success (regardless of the...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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Something about the trust issue and the ability to straight things out worked better with "associate" rather than best friends or family! Also you need to considered the value of friendship and...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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You rather not get your family and best friend mingle up with the business of making profits. According to an ad in the NYT, 90% of new and old business are family run/invested, ironically that 90%...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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start a business plan, get some software that walks you through it.. once you do the finances and other sections, you will have a better idea.
New Start up Business.
Expired
Thread created 05-06-2013 by calnbs
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It all depends on the business idea. Generally I think starting a business is a good idea. Just keep in mind that it is risky and many do fail, however the upside potential is far greater than any...
New Start up Business.
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Thread created 05-06-2013 by calnbs
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What kind of ideas or area of business you thinking?
New Start up Business.
Expired
Thread created 05-06-2013 by calnbs
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17 Replies
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Generally speaking, a down economy is the best time to start a business because everything you will need to start your business is cheaper.
Have you written a well-written and detailed business...
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