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Starting a business is something I have always wanted to do. My grandmother owns her own and she made it look like a piece of cake. I was just going to take the necessary steps and there you have it, I have a business. I, however, wasn't sure of those necessary steps I needed to take. I thought you could get a business started in no time. From an article talking about the length of stating a business, it stated that it could take a business with no employee etc, longer than a month to get started (Murray 1st para). On the other hand, it takes somewhat close to a year to get a business started with employees etc. Although I knew businesses weren't easy obligations in general, I never knew it would be so difficult to just things in motion. The article states tasks which the longest time are getting a bank loan and finding a location. I guess it was interesting to learn due to my grandmother owning a business. I believe it would be wise to speak with her on these subjects because now that I think about it, she has a bank loan and my understanding will be more personal. "
It ALWAYS take twice as long and costs twice as much as you think it will. ALWAYS. So double the time and double the money, and you'll be close. Maybe." (Murray 2nd paragraph)
Citation:
Murray, Jean. “How Long Does It Take to Start a Business?” The Balance, About, Inc., thebalance.com/how-long-does-it-take-to-start-a-business-3974594. Accessed 26 Feb. 2017Murray,
Done by Amos Ray IV
Very interesting read, I was wondering the percentage of buisnesses that succeed and the percentage of businesses that fail. Also is there something that the succeeding businesses are doing that the other businesses are not doing.
ReplyDeleteI have always been interested in starting my own business as well. I liked the post because it gave information about how long it takes to start a business and what some of the risks are which many people could find beneficial.
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