Episode 27 - Getting Started With a Small Business

Join us as we discuss how we've started a few different small businesses over the years. We'll talk about capital needs, business plans, and various strategies we've used. 80% of small businesses fail within 18 months - most of the commonly sited reasons are lack of communication, disconnect with customer base, not a need for your product, poor leadership, and lack of consistent revenue stream. While a business plan doesn't help ensure these things won't happen it does give you a manual to guide you along the way. It also helps you think through these tough things in the beginning to help ensure you have enough start-up capital and contingency plans in case things don't start out as you expect. There's so much more we could discuss in regards to small businesses so if you like this topic sound off below or shoot me an email!