Comments on: 15 Questions to Ask Before Going Into Business http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html Escape the Rat Race and Join My Journey to Financial Freedom Wed, 08 Feb 2012 15:12:46 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jess http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-12505 Jess Thu, 29 Apr 2010 10:04:45 +0000 http://www.millionaireacts.com/?p=1459#comment-12505 Helpful and informative blog. It does scare me that some people who have only been employed in business for a few months think that they have enough experience to work for themselves. I personally think that you need a lot of experience, a lot of business training and nerves of steel to branch out on your own. Otherwise you're going to find yourself dead in the water. Helpful and informative blog. It does scare me that some people who have only been employed in business for a few months think that they have enough experience to work for themselves. I personally think that you need a lot of experience, a lot of business training and nerves of steel to branch out on your own. Otherwise you’re going to find yourself dead in the water.

]]> By: dlysen http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-4159 dlysen Mon, 24 Aug 2009 10:08:13 +0000 http://www.millionaireacts.com/?p=1459#comment-4159 At young age, I am very excited to have a job but I realized that my income will be a fixed income, whatever effort you give to your boss will not change the salary you sign in the contract and rank in file will send you at aged to reach the top position. I got discourage and open my mind to seek opportunity like mlm, retail, buy and sell, etc... It feels much better than being employed. I work part time and do business full time. At young age, I am very excited to have a job but I realized that my income will be a fixed income, whatever effort you give to your boss will not change the salary you sign in the contract and rank in file will send you at aged to reach the top position. I got discourage and open my mind to seek opportunity like mlm, retail, buy and sell, etc… It feels much better than being employed. I work part time and do business full time.

]]> By: ceblogger http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-4158 ceblogger Mon, 24 Aug 2009 09:40:56 +0000 http://www.millionaireacts.com/?p=1459#comment-4158 i broached this idea to my colleagues who were thinking of going into business full time. but accountants as they are, they find it too risky. i even showed them an article "So, You want to be an Entrepreneur" from the wall street journal which asks the first question: Are you willing and able to bear great financial risks?. They all shook their heads. But there are success stories. Even a company messenger took a shot at doing business. No feasibility studies, not even large capital. He's better off now. i broached this idea to my colleagues who were thinking of going into business full time. but accountants as they are, they find it too risky. i even showed them an article “So, You want to be an Entrepreneur” from the wall street journal which asks the first question: Are you willing and able to bear great financial risks?. They all shook their heads.

But there are success stories. Even a company messenger took a shot at doing business. No feasibility studies, not even large capital. He’s better off now.

]]> By: Weekend Roundup #49 http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-4145 Weekend Roundup #49 Mon, 24 Aug 2009 06:58:53 +0000 http://www.millionaireacts.com/?p=1459#comment-4145 [...] 15 Questions to Ask Before Going Into Business [...] [...] 15 Questions to Ask Before Going Into Business [...]

]]> By: Tyrone http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-4115 Tyrone Sun, 23 Aug 2009 13:21:34 +0000 http://www.millionaireacts.com/?p=1459#comment-4115 Hi Rouwell, I think that would depend on the business that you would like to start up. Have you done your feasibility study on it? Have you done cash flow projections? If you think that the business is viable, then you can start it. Test the waters first. If it's a food business, then have a taste test among your friends. If, in the long run, the business that you set up has enough income to sustain your needs, then that would be the only time to quit your job and concentrate more on the business. Otherwise, I would suggest to stick on your job while you wait for your business to grow. Hi Rouwell, I think that would depend on the business that you would like to start up. Have you done your feasibility study on it? Have you done cash flow projections? If you think that the business is viable, then you can start it. Test the waters first. If it’s a food business, then have a taste test among your friends. If, in the long run, the business that you set up has enough income to sustain your needs, then that would be the only time to quit your job and concentrate more on the business. Otherwise, I would suggest to stick on your job while you wait for your business to grow.

]]> By: rouwell http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-4114 rouwell Sun, 23 Aug 2009 12:39:47 +0000 http://www.millionaireacts.com/?p=1459#comment-4114 I am OFW, do think it would be advisable if I will start my business plan and be manage by my wife? or will I quit my job for good and doing business in our home country? please advise I am OFW, do think it would be advisable if I will start my business plan and be manage by my wife? or will I quit my job for good and doing business in our home country? please advise

]]> By: Melvin http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-4105 Melvin Sun, 23 Aug 2009 05:42:42 +0000 http://www.millionaireacts.com/?p=1459#comment-4105 Just goes to show that starting an own business needs real hard work and hard thinking on our part. Most people just jump head first and failed so bad because of that... Just goes to show that starting an own business needs real hard work and hard thinking on our part. Most people just jump head first and failed so bad because of that…

]]> By: guerillainvesting http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-4103 guerillainvesting Sun, 23 Aug 2009 04:28:30 +0000 http://www.millionaireacts.com/?p=1459#comment-4103 you have a nice set of questions here and your learning from your bad experience with partners should serve as warning for future would be entrepreneurs. you have a nice set of questions here and your learning from your bad experience with partners should serve as warning for future would be entrepreneurs.

]]> By: henry http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-4092 henry Sat, 22 Aug 2009 10:35:36 +0000 http://www.millionaireacts.com/?p=1459#comment-4092 well I guess I am undecided about this matter. I would rather test the waters first. I would work as a part timer in my current job and then open a business. That way I wont be letting go of my job for an uncalculated risk. journeytobeauty.blogspot.com well I guess I am undecided about this matter. I would rather test the waters first. I would work as a part timer in my current job and then open a business. That way I wont be letting go of my job for an uncalculated risk. journeytobeauty.blogspot.com

]]> By: Snow http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-4091 Snow Sat, 22 Aug 2009 10:00:51 +0000 http://www.millionaireacts.com/?p=1459#comment-4091 Having a business is not for the weak of heart. One must have patience, capital and capability to deal with problems in the long run. A simple business is like a small empire. Having a business is not for the weak of heart. One must have patience, capital and capability to deal with problems in the long run. A simple business is like a small empire.

]]> By: Vic of BusinessAccent http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-4087 Vic of BusinessAccent Sat, 22 Aug 2009 04:57:13 +0000 http://www.millionaireacts.com/?p=1459#comment-4087 Hi Tyrone, This article will be very helpful to employees and even the unemployed to decide and come-up with the right decisions in entering the business world. I just want to add one question... ...Do you feel that business is what God wants you? Thank again for sharing this post. Vic Hi Tyrone,

This article will be very helpful to employees and even the unemployed to decide and come-up with the right decisions in entering the business world.

I just want to add one question…

…Do you feel that business is what God wants you?

Thank again for sharing this post.

Vic

]]> By: Agent 001 http://www.millionaireacts.com/1459/15-questions-to-ask-before-going-into-business.html#comment-4068 Agent 001 Fri, 21 Aug 2009 19:23:17 +0000 http://www.millionaireacts.com/?p=1459#comment-4068 Nice tips for those willing to start their business. You have make nice bunch of questions. Nice tips for those willing to start their business. You have make nice bunch of questions.

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