5 Startup Fallacies You Should Not Believe

1111111Launching your own business can lead to critical misconceptions for your startup.  A recent article, These 7 Lies Could Destroy Your Startup, by Melinda Emerson, enumerates startup lies that you shouldn’t believe.

1. You Need to Quit Your Job to Start a Business

You don’t need to give up your job in staffed flexible offices and dive into entrepreneurship. You can start your business on the side while you continue to earn a paycheck. Then, once your company is financially stable, you can cut the cord from “Corporate America”and dedicate yourself to your company full time.

2. You Don’t Need to Be an Expert in Your Field

Keen knowledge in your preferred industry is crucial; otherwise you will learn many expensive newbie lessons. You must be willing to learn. No one can know everything. Spend time learning the business before diving in.

3. All You Need is Passion

If all you need is a dream or the passion to start a business, then everyone would do it.  Yes, it’s important that you do something you really like, but you need to make sure your passion has a profit center. Your triumph will depend on your business plan and ability to identify a niche customer from day offices, and repeat business.

4. You Don’t Need Lots of Money to Start a Business

The money to start your business in short term offices will come from your personal assets. You need a solid financial base to start a business. The normal startup cost entails approximately $25,000. Start by creating a budget for both your business and personal expenses for the first year. Make sure you have an emergency savings account too. It takes on average 12-18 months to break even in a small business, so err on the safe side, set aside enough money to cover both for a year or two.

5. Marketing is Costly

So many entrepreneurs in small office space orlando make the mistake of not promoting their businesses because they think that it’s too complex or costly. The truth is, there are many marketing campaigns you can do yourself, like blogging, using social media, or sending email marketing campaigns. A little effort goes a long way, and many of these tools are even free.

Conclusion       

Great feasibility studies and your passion to start your own business will direct you to the right track of entrepreneurship. The Smarter Way To Office. Whether you are a small business owner or a large enterprise, everything you need to optimize your business performance is right here – from day one. Your workplace comes complete with furniture, telephone lines and equipment, secure high-speed Internet access and a world-class business support team.

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