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Glenn MuskeRural and Agribusiness Enterprise Development Specialist
[email protected], 2014
10 Things to Know Before Starting a Business
Jan. 22, 2015 SCORE Workshop
Why are you here?
The Starting Point
• It is a business!!!! A PROFIT is required. • There are no guarantees regarding success.• You can’t, and won’t, please everyone.• You may feel alone, but you’re not. • Running a business is largely a skill that can be
taught. • It is not a 9 to 5, 40-hour per week job.
#10
Can you say
NO!
#9Do you understand that:
Dreams ≠ Ideas
andIdeas ≠ Opportunities
#8
Do you have the skills?ProductionTechnicalMarketing
ManagementSales
Fiscal ManagementEtc.
#7Do you have resources?
And are you ready/able to risk them?
#6b
Do you know the competition?
What’s your advantage?Can you maintain it?
#6a
Do you know your market?
What’s your plan for letting them know you exist?
#5
Are you legal?
Business nameSales and Use Tax Permit
Health Dept.Dept. of Agriculture – State and Federal
FDAIntellectual Property
#4
Does your family support you?
#3
Are you a “people person?”
#2
Are you a bobo doll?
#1
Do you have PASSION?
One More
Are you readyto be online?
Glenn MuskeRural and Agribusiness Enterprise Development Specialist
NDSU Extension Center for Community [email protected]
Questions??Resources:
http://www.ag.ndsu.edu/smallbusiness http://powerofbusiness.nethttps://www.facebook.com/NDSUextsmallbiz http://www.extension.org/entrepreneurship https://twitter.com/gmuske + LinkedIn, Pinterest, Slideshare, & Delicious
