Comments on: Steps to Starting a Small Business: #2 – The Implementation

By: Creating a Website that Does Almost Nothing. | Virtual Impax

Creating a Website that Does Almost Nothing. | Virtual Impax — Fri, 07 Nov 2008 11:43:52 +0000

[...] Steps to Starting a Small Business, I advise small business owners to: Remember, when you’re starting your own small business [...]

By: Kathy

Kathy — Thu, 06 Nov 2008 12:59:36 +0000

Dave -

The “I have more time than money” trap is a common one for start ups.

If you can illustrate WHY people should be careful about adopting a DIY in tax matters, your blog will become an client attraction tool for your business.

By: Dave Jones, CPA

Dave Jones, CPA — Thu, 06 Nov 2008 01:26:25 +0000

I already had a CPA firm running out of my home office and decided to add my own website. I spent hoards of hours setting up the site and learning Wordpress. Anyway, I thouroughly enjoyed the experience, however I didn't set out to make money blogging and I have more time than money. As an accountant, I will say be careful of do it yourself legal and tax matters. Dave Jones, CPAs last blog post..I Pledge Allegiance….

By: Eric Hamm

Eric Hamm — Sun, 02 Nov 2008 12:04:00 +0000

Very thorough post, Kathy. I started my computer consulting business 5 years ago with no loan from the bank. Instead I had the financial backing of ‘mom and dad’.

The bottom line is, even in a business like IT that can grow very quickly and can have very little initial overhead, having some form of financial cushion is a must. I also had a J-O-B at the time so I was able to kind of ’slide’ into the business and out of the job.

Thanks for sharing this excellent info! You definitely know your stuff. Eric.

Eric Hamms last blog post..M2A! October Week4: The Benefits Of Intentionally Stressing Your System

By: Kathy

Kathy — Sat, 01 Nov 2008 19:23:04 +0000

@Lorna Doone

An employed spouse is DEFINITELY a blessing when starting ANY type of business.

I’ve watched SO MANY people ty to start their own business with the unrealistic expectation of making a living wage in less than 6 months with a minuscule investment.

If your spouse is working and paying the bills, you can adopt the “low start up – slow growth” business model. However, when I had a newly widowed woman contact me and inform me she had to be making $3K per month within 6 months and she had less than $500 to start – those are the stories that make me sad.