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Five steps to startup success
By Jay
MacDonald • Bankrate.com
Starting your own business fresh out of the corporate
world? David Paradise of the Family Business Resource Center offers
these five steps to startup success:
1. Hold a series of
meetings with yourself. Sit down with a pencil and paper and list
your strengths and weaknesses.
2. Identify people who can help you:
relatives, friends, others in the industry you're going into.
Then contact them, collect information and take notes.
3. Use your notes to plot your next
steps.
4. Write up a business plan, including
projected income and budget.
5. Call on a business consultant
for help with business, organizational, personal or psychological
problems. These professionals can act as a coach to keep you on
course to success.
Jay MacDonald is a contributing editor
based in Mississippi.
-- Updated: March 23, 2004
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