Starting a Business; Where to Begin

By Walter Nunez & Yhordan Serpentini

Have you thought of starting your own business? But uncertainty and doubt as stopped you? Well, you are not alone. Starting a business can be a massive undertaken without proper planning or guidance. It requires more than your specialized skill in an area to start and run a successful business.

What You Need to Plan First

You will need access to capital and market research right from the beginning. The fear factor kicks in intensively when facts state that the majority of business owners fail. Do not let those doubts overcome your desire to reach your dreams. Most of the information you need to start a business can be accessible online.

The Start-up Checklist

When creating a small business, you should start with the following:

What is your business market demand in your area? Is it saturated?

Who is your target audience? How will you reach them?

What is your industry trend? Business cycle? Cash flow projection?

Is your business considered High Risk (NAICS code)? Important for Business Lending.

How will you fund your start-up? Will you have access to capital?

This is not to discourage anyone from starting their own business, but to inform them of the importance of planning. You do not have to tackle the process on your own because help is out there. One of them is right here at Jaeli Capital Consulting! Your success is our goal! If you have any questions do not hesitate to reach out or comment.