If you're considering starting a business, remember there’s no such thing as a “good” or “bad“ business, but there are businesses that may be good or bad for you based on your skills and the things you like to do.
I've put together a few tips For Christians Who Want To Start A Christian Business, that will get you headed in the right direction.
Once you figure out what type of business you are most suited for, find a Christan Businessman to mentor you and start attending some of the seminars offered by the local Small Business Development Center. They'll help you put together a sound business plan that will outline your options and the increase the probability for success.
How Much Money Should You Invest In A Business And How Long Should It Take To Make It Back
Avoid starting out with too little cash. It's too risky, because trying to find a loan when you're running short of cash can easily send your business into a tailspin.
Having enough capital that you can avoid worrying about money for a year is a good benchmark that will allow you to focus on running the business for awhile.
Here are a couple more important facts to use in deciding how much money you need to start your Christian business.
Determine how much you will need to operate the first year.
Estimate how much income you will generate by year.
Begin reading as much as you can about running a business, to get an idea of what kind of business challenges you can expect.
There are a lot of good articles on staring a business and I'd like to get in a shameless plug for "Several Things You Should Know Before Starting A Small Business" by yours truly, I highly recommend you read it.
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