The Journey into Entrepreneurship: Starting a Small Business/Home Business

For most of us there comes a day when we toy with the idea of starting a small business/home business; work stress and frustrated career goals can often leave us thirsting for autonomy and starting a business seems to fit the bill. But for those who are thinking of starting a small business, the road can be one of sacrifice and learning.

Before starting a small business do as much research as possible. Talk to other people who have started a small business and are willing to give you some guidance, read books by people who have a passion for entrepreneurship, and get online to read as much as possible about the ins and outs of starting a business. On the Internet you�ll also have access to advocacy organizations developed to help those starting a small business; as well as access to small business and home business groups where you can learn from the experiences of others in your situation.

Locally there should also be organizations that can help you in starting a small business. Look at the business advocacy groups in your local area that can offer guidance.

Gather as much information as you can and keep careful notes. Remember that this business will be a reflection of you and as such should mirror the philosophies to which you subscribe. Starting a small business/home business is not the same for everyone; take your own special circumstances into account before beginning your journey.

Depending on the business you are starting, it may also be in your best interest to hire legal counsel. A lawyer can help you navigate the complexities of small business ownership and save you time and money further down the road.

If starting a small business for you means bringing on employees, a lawyer is essential to your success. Hiring employees opens you up to a whole new set of liabilities; save yourself any complications by having a lawyer by your side to protect you. Personally, I stay away from any business model that requires me to have employees. I got my full taste of that years ago in my first retail venture and I don't intend to repeat that experience.

Starting a small business/home business can be a wonderfully rewarding experience. Put your best foot forward by facing each challenge and arming yourself with knowledge. Careful research and meticulous planning will reward you with success and the greatest possibility of future and continued viability.

Start a REAL business.