Startups

Starting your own business involves considering the investment required for various start-up costs, such as business licenses, legal fees, accounting expenses, inventory costs, business insurance, leases, and utilities. It is important to find a market where your business can be successful. In addition to start-up costs, you must also plan how you will support yourself and your family for at least two to three months while your venture takes off. One option is to offer goods and services via a website or mail order catalog instead of having a physical location, which can be expensive. However, building your own website…

Small business startups require a lot of effort and attention, but it's crucial to focus on the right activities. As a computer consultant starting a small business, you may be tempted to concentrate solely on technical aspects, such as building technical skills, to provide excellent service. However, there's a better way to prioritize your time. The 90/10 Rule for Small Business Startups During small business startups, the 90/10 Rule suggests that you should spend 90% of your time on direct marketing activities and only 10% on developing technical skills. The reason for this is that acquiring high-quality clients should be…