Entrepreneur Blog » Should

What Should Children Entrepreneurs Do To Get Started?

admin — Tue, 13 Jul 2010 03:19:53 +0000

Me and my sister are looking to start our own business . . . .we would like to design clothes, jewlwery, and have our own fashion line, but were only 12 and dont now what to do to get started and launch our buisness.

I Want To Become An Entrepreneur, Should I Major In Business Marketing?

admin — Wed, 24 Feb 2010 03:14:53 +0000

Congratulations on making that decision!
Being an entrepreneur myself I like to come to Yahoo! Answers to help anyone that asks intelligent questions.
My advice to you, seek out any books by Robert T. Kiyosaki The best education you can get is to know your Financial IQ .
Traditional education is sadly lacking when it comes to teaching financial business sense simply because the days of getting a good education and a secure job are over…. before I go off on a tangent about the education let me wish you the very best in all your endeavors.
Learn everything you can about anything you wish to invest in.
Dutchesshttp://www.richdad.com/about_richdad/ric…

Why Should An Entrepreneur Develop A Business Plan?

admin — Mon, 22 Feb 2010 21:14:43 +0000

Have you ever had a ton of things to do, and knew that you had to do them, but didn’t know where to start? Have you ever had a ton of things to do, and then you sat down and wrote them all out, and then started doing them? Which way did you accomplish more?
That is the concept behind the business plan. You sit down and think about all of the things that are going to come your way in starting a business so you can really see if it’s going to work. By writing it down, you don’t forget anything and you can also expand on each idea. Also, you need to put the numbers into it. If you are going to have a product, then you need to have all of the costs involved so you know when your break even point is and how much you have to sell in order to make money.
Also, if you are going to get a loan to either start this business or expand it later on, then you need the business plan in order to get a loan from the bank. They don’t just give it to anyone.
Keep this in mind: 50% of businesses fail in the first year, of those that still exist 80% of them are not around 5 years later. That’s a pretty small margin, so you want to make sure that you have a plan before jumping into it. You can find ideas on how to write business plans online.
Good luck and happy planning!