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Starting a Business

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So you want to start a company?

to all your friends and relatives. Tell them to tell their friends and relatives. They will all say "What a wonderful idea! I wish I was that brave."

Pay no attention to their sidelong looks and the shaking of their heads. They obviously have a very low quotient of entrepreneurial spirit. Call your bank. They probably have not finished appraising your property yet, or determined just which loan officer is going to get it, but call them anyway. Let them know you are anxious to proceed. Tell them that you don't really need the loan, you are willing to sacrifice your entire stock portfolio for the success of your business but you think an influx of investment capital is a smart business move; that it will open greater doors of opportunity to get the business off the ground and ensure its success quicker. They like to hear the word "invest". This is called "bank speak".

Start thinking about an office. This is not always a smart move when just starting out, but there is the matter of impression. You cannot present a proper image to your clients working out of your garage. And, if the bank gets your house, you lose your office as well. You really cannot present a good image to your clients working out of someone else's garage. With an office, you will still have a roof over your head for a little while longer, anyway.

Being an entrepreneur is exciting and can produce great changes in your life. Your sleeping habits will change. As will your drinking, smoking and swearing habits. Your marital and financial worlds may be turned upside down. But, now, you will be prepared and ready to succeed. Best of luck!

Learn more about this author, Michael Raymond.
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