Making the decision to go into business for yourself is not one that can be made quickly. Statistically, most business startups will fail within the first five years. No one wants to put that much work and money into their dream only to have it fail. It is important to research your business, and the market surrounding it, to gauge a realistic level of success while things are still in the planning stage. There are two key realizations each person must come to before they can know if starting a small business is the right move for them.
What is Your Strategy?
Before any money is spent, planning out each and every step of your business is vital to its survival. Outline what marketing, production, or packaging and design solutions will be needed and take stock of their cost. Don’t only consider what you will make but how it will get to your customers. …