If You Had To Start A New Business Today, What Would You Do?

1
If You Had To Start A New Business Today, What
Would You Do?
Its the age old questions many new entrepreneurs
have, How do I start a new business? What should
I do first? Ponder these thoughts .   Do you
want just an income?
www.cynthiakocialski.com
2
If You Had To Start A New Business Today, What
Would You Do?
The vast majority of small businesses are one
person and they derive an income from being
self-employed. Consider what happens if this
person is unable to work, could their income
continue? For most, the answer is no. 
www.cynthiakocialski.com
3
If You Had To Start A New Business Today, What
Would You Do?
Do you want to build an asset? Look to build a
business that not only provides you with an
income, but is an asset too. For example, private
medical practices do well for their owners
because once they retire, the practices can be
sold to the next generation of younger healthcare
professionals.
www.cynthiakocialski.com
4
If You Had To Start A New Business Today, What
Would You Do?
Can it pass the endurance test? According to the
SBA, the typical self-employed person or new
business owner spends 60 hours a week working on
their businesses, much more than those employed
by others. 
www.cynthiakocialski.com
5
If You Had To Start A New Business Today, What
Would You Do?
Can it pass the T-shirt test? Ask yourself,
would you be willing to wear company clothing
with the company name and logo displayed on it?
Would you be proud if someone you know saw you in
that T-shirt and asked about the company? 
www.cynthiakocialski.com
6
If You Had To Start A New Business Today, What
Would You Do?
Do You Have to Love the Product? Its better to
pick something that people want and need, then to
pick something you like. Lets look at art for a
business idea. Most people have a negative view
of art as a viable business, thats because
artists tend to create what they want to create
and not what people want to buy. 
www.cynthiakocialski.com
7
If You Had To Start A New Business Today, What
Would You Do?
Choose the Market Segment and Product Wisely   As
the owner or CEO, you need to spend your time
working on creating the business, setting its
direction and strategy. As the saying goes, Work
on the business, not in it. Many business owners
get trapped in a situation where the business
owns them instead of them owning the business.
www.cynthiakocialski.com
8
If You Had To Start A New Business Today, What
Would You Do?
If you started a company and became ill and
unable to work for a few months, what would
happen to that business? Could it continue on
without you? This means having a strategy to
work yourself out of a job. For entrepreneurs
to have the lifestyle and freedom they envisioned
before starting a new business, this means hiring
others.
www.cynthiakocialski.com
9
If You Had To Start A New Business Today, What
Would You Do?
Start Small and Test Before Going All Out   Too
many entrepreneurs start with the grand and
glorious plan, and want to start in the middle.
By that I mean, they want to begin as if they
have a viable product thats already
proven.  This is difficult for many
entrepreneurs. They can see the grand plan, but
not the starting small.
www.cynthiakocialski.com
10
Share your PASSION and KNOWLEDGE with world.
Get published on Start-Up Entrepreneurs Blog
www.cynthiakocialski.com