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JamesMillar
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LucasArthur, post: 270290, member: 34537 wrote:
Any business, if you are taking it serious, really requires…….

Key Phrase that should be burnt into the brain of anyone thinking of going into business.

If you are saying to yourself things like

I have $5k what business can I try

or

I have a business idea that I really want to pursue and max resources I can invest are $20k

or

I’m prepared to risk $10k on this idea

Then ask yourself…..I am really ready financially to even try this.

How do you even know its a profitable business model if you don’t have any detailed forecasts that include costs of setup and ongoing expected profitability?

It might come across as harsh but I see so many people throw away tens of thousands on poorly thought out ideas – I feel duty-bound to encourage you to question yourself and ask……are you ready…..are you serious?