Just kind of curious, approximate figures ok. Just trying to get a feel of how much you initially were making starting your own business, and how long it took before you made more, or it failed. Thanks!
Quoting: Anonymous Coward 3558872 If you are asking this question here, then you by no means should start your own business! I am not trying to be a jerk, but, you have to know your business...plain and simple. You need to know the usual margins in the type of business you are going into. Here is a list of types of books to go check out...
Marketing for a small business.
Accounting for a small business
Tax law for a small business
You need to think about risk and insurance and the form of the business...LLC, S type corporation, D type corporation...
local laws...getting tax ID numbers, filing the paperwork for your business....licenses for your business....do you need insurance for your business...which may vary with how you "incorporated."
Take the time to think and plot out your business...don't just jump into it!
Here is a question for yourself...not us here...but for you...
What is the failure rate of this type of business once it starts up?
