Saturday November 21, 2009

smSmallBiz.com - SmartMoney's Small Business Site

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Starting a Business
I'd like to leave my current job and start my own business doing something creative. Can you advise?
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J neilson Posted: 5:10 PM On June 13, 2009
Yes, the big question whether to continue to creatively manage your debt or create wealth. I sounds like you would rather create.... Pay off your house. Create a business plan with your own 'stress' tests, in other words, have 3 months capitol that you won't have to run to the bank to get. Incorporate the business, so that if an employee runs over a customers foot you won't lose the house you just paid for. Do not take a vacation for the next 5 years, unless you win the lottery, or it has to do with running or growing you business. Have an outside auditor. Good luck.
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