1. Don't give up. Too many business owners will get frustrated within the first year. Things will go wrong, you will spend more than expected, you will deal with employees and clients whom aren't honest. Don't let all of this detour you. Stay in the game.
2. Don't take out loans you can't pay back. If you need to get creative with financing, do so. If you need to pay yourself 1/2 of what you were paid working for another employer, do so. If you have to get a second job, do it. Don't, however, take our high interest loans that will doom your business.
3. Don't copy someone else's business plan. Too often I see people download a business template online or use a friend's template. Each business is unique to their owners specific goals and circumstances. You can't mirror someone else's plan so don't try to do this.
If you don't give up, stay away from high interest loans, and remain unique- your business has a fighting chance.
Until next time,