1) Choose an industry, preferably one you can enjoy and one that is not already saturated or oversupplied.
2) Seek advice and possibly a partner. There are always things that you may have overlooked however intelligent or thorough you are.
3) Research and plan. Make sure all possibilities are planned for in advance so that any potential investors have faith in you and so that you will not be overwhelmed by unforeseen events.
4) Raise funds. Pitch your well constructed plan to potential investors and maybe raise your own funds.
5) Start small, think big. Test your plan in the real world on a small scale. Once you are confident that you have a well thought out plan implement the full operation.
Monday, January 15, 2007
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