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    Starting a Business
    Starting a Business
    Starting a Business
    Ebook113 pages1 hour

    Starting a Business

    By Glenn L Erickson

    ()

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    About this ebook

    Glenn Erickson is a business-owner in Clearwater Florida. He has owned several businesses throughout his life, most of which failed. He has examined each of those failures and learned why they went under. From those earlier lessons, he now owns a successful technology-based business that had continued to grow and succeed since the early 2000's.
    He has written other self-help books and uses his growing skills as a writer and business-owner to encourage you to step over the line and reach for your dreams.
    He will guide you into examining your business idea to see if it has a chance to work. Then he leads you along the path towards making your potential business to reality.
    He uses many personal examples to show you what he has faced and how he overcame them.
    He even offers some suggestions for potential businesses to those that are curious but don't have any plans of their own.

    LanguageEnglish
    PublisherGlenn L Erickson
    Release dateAug 9, 2013
    ISBN9781301369690
    Starting a Business
    Author

    Glenn L Erickson

    I am an original 'Geek' and proud of it. I started my life-long love of technology when transistors were new the word 'microprocessor' wasn't even a dream.I have earned my stripes since the late 1960s restoring old radios, and then in a TV shop during college.I moved to the Silicon Valley and loved it! (Lots of us geeks there) I now own an Automaton design and programming company that keeps me busy. I eagerly devour all articles on the latest technology, and envy those that will see that future. I'm a happy camper!

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      Book preview

      Starting a Business - Glenn L Erickson

      Starting a Business

      By

      Glenn L. Erickson

      Copyright 2019 Glenn L. Erickson

      Smashwords Edition

      All rights reserved

      I’ve licensed this ebook for your personal enjoyment only. You may not resell or give this book away. If you would like to share this book with another person, please buy an additional copy for each recipient. If you are reading this book and did not purchase it, then please return to Smashwords.com and buy your own copy. Thank you for respecting my hard work in creating this book.

      Table of Contents

      Prologue

      Chapter 1: Handling the Negatives

      Chapter 2: Types of Businesses

      Chapter 3: Your Job

      Chapter 4: Personal Perspective

      Chapter 5: Your Boss as Your Partner

      Chapter 6: Staying on-Track

      Chapter 7: Planning Your New Business

      Chapter 8: Legal Structure of Your Business

      Chapter 9: Finances

      Chapter 10: Debt and Credit

      Chapter 11: Licensing

      Chapter 12: Licensing

      Chapter 13: Taxes!

      Chapter 14: The Dream

      Chapter 15: Personal Appearance

      Chapter 16: Personal Relationships

      Chapter 17: Your Vehicle

      Chapter 18: Personal Finances

      Chapter 19: Reminders and Hints

      Chapter 20: Motivation

      Chapter 21: Personal Rewards

      Chapter 22: Customer/Client Relations

      Chapter 23: Customer Follow-Up

      Conclusion

      About the Author

      Prologue

      This book is for someone wanting to start a business, or for someone that had one but failed, and wants to try again. To both of you: Congratulations! You are taking the first steps into a challenging, sometimes frustrating, and ultimately rewarding experience.

      I don’t claim to be a guru or business expert, but I do have decades of experience in what does and does not work. Much of the knowledge I gained is from personal experience, and even more from the experiences of others. I am also an author of other self-help books, and I am hoping my growing skills as a writer will allow me to convey what you need to know, in a way that you will understand.

      If I ‘rub you the wrong way’ at points with some of my advice, seek other successful people and ask them if what I say here applies to your situation. If it does not apply, then skip it for now. Later on, you may find that it does apply. If it does apply, swallow your pride and seek how best to apply what I have offered until you understand it in your own way. Remember, if you already had the skills to succeed in business, you wouldn’t need this or any other book!

      The most fundamental piece of overall advice I would offer is: Follow the examples and advice of successful people. You will find that most truly successful people are generous with their time and advice to the person that is trying to start their own business. If you are truly dedicating yourself to your business, then others will aid you with sound advice. They have everything to gain by helping to add to the swelling ranks of business owners. If you read no further than this, the book has set you on the right course!

      This book is for nearly any business and for any person of any age, and either gender. When certain advice only applies to one gender or the other, I will differentiate it at that point.

      Chapter 1: Handling the Negatives

      Anyone wanting to start their own business has probably heard the following from their well-meaning, wage-earning friends. Sayings like:

      - Most businesses fail within the first five years.

      - You don’t have the education.

      - It takes money to make money.

      - You only have a one-in-ten chance of succeeding.

      And so on…

      The sad truth is that these sayings ARE true. If you are now asking yourself If they are true, why even try? I want to give you hope by giving you a different perspective. If you bear with me for a moment, I can tell you why they are true so you can use that knowledge to avoid becoming one of the reasons that they are true.

      Let’s take them one at a time.

      Most businesses fail within the first five years.

      It is true most businesses fail within the first five years. Why do they fail? Most businesses fail primarily from poor planning. The owner got an idea in their head that will not let them sleep. They talked it up with their non-business-owning friends and received their blessing and encouragement. They printed up a bunch of business cards and handed them out, spent money without really thinking, and then wondered why their potential customers did not share their golden dreams. They maxed-out their credit cards mortgaged the house and even appealed to their friends and relations. Finally, in desperation, they eyed their children’s college fund and considered cashing in their insurance. Only when their friends started slamming doors in their faces and their creditors were tying up their phone demanding payment, did reality begin to dawn.

      Sadly, many of these people seldom realize the reason for their failure. They shrug their shoulders and say things like Well, it wasn’t for lack of trying! or I really did give it the old college try or If I could have only interested one more investor… They close their doors and become another sad statistic.

      What’s worse, they’ll recall this failure each time they are approached by one of their friends with a hot idea. They then happily pour water on their friends’ dreams, thinking that they are doing them a favor.

      This is the main reason you want to avoid people that have only experienced failure in business. If they didn’t analyze their failure and accurately understand why they failed, then they are not the ones to appeal to for advice.

      Talk only to people that are truly successful. Truly successful people run businesses of all sizes. Not all will take the time to listen, help or offer feedback, but many or most will if you are respectful of their time. Have a list of specific questions you haven’t been able to find appropriate answers to. Be prepared to listen first, and write notes second.

      If you get an appointment to meet with a business-owner, be on-time and ready. If the meeting goes over the time agreed upon, let your host extend the session, not you. You can always ask to email questions to them later. Ask if they are willing to take the time to answer them. Don’t flood their inbox with questions that you can look up online or ask a lawyer or accountant about.

      If rebuffed in your quest for an appointment, please understand that business owners have good days as well as bad, and you may have caught them after a frustrating time

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