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Starting a business today isn't hard. It's just knowing the right things to set your business up, right. Does the product or service solve a problem, entertain, or educate? Will cash flow be a problem as you run a business? Out of all of the issues a new business can run into, cash flow is the issue that can kill a business, as we've all learned over the past year. Setting up a Private equity account first, for the business, would give your business double the chances of succeeding. Then figuring out what task, hobby, or job you do without being asked, What people come to you for most often, and then monetizing that would be a great step in the right direction.

Ex. Your family, friends, and colleagues light up when you bring, or prepare food. Catering, food truck, or any food-centric business would be a success for you.

Ex. People seem to easily share their most personal information with you hoping that you would provide them with a solution or just an ear. A "Life Coach" is born.

Starting a business is a blessing for your community and your family!! Good Luck!!

First, change your mindset from “almost impossible” to “achievable and successful.” Second, write down your experience, skills, interests and passions to define your niche. Then find mentors in your field and network. Set some money aside for items such as a laptop, cell phone, education/training or whatever you need which you can itemize as business expenses. Think of a name for your business and register within your state. Figure out your business, finance and marketing plans. Good luck!

Oh my goodness, I think the timing has never been better for a woman to start her own business. There is so much out there to tap into. I am assuming you want an on-line business. If you want to open a brick & mortar business, I would think it would be far more difficult.

And as everyone has already said, the key to your success is finding something you are good at or knowledgeable about and fly with it. You need to find something that I want or need that you have or are good at making/getting/doing . . .

My first suggestion would be - research (and research some more) before you pay anyone for training/coaching/classes, etc. I have spent more than I care to think about on false promises, fake gurus, etc. I just want to think that everyone is honest and trustworthy but unfortunately it's not that way.

Also, if you gave us more information, we might be able to steer you in the right direction . . .

I do wish you success and most of all contentment in whatever you chose to do -

@PiNaY posted:

First, change your mindset from “almost impossible” to “achievable and successful.” Second, write down your experience, skills, interests and passions to define your niche. Then find mentors in your field and network. Set some money aside for items such as a laptop, cell phone, education/training or whatever you need which you can itemize as business expenses. Think of a name for your business and register within your state. Figure out your business, finance and marketing plans. Good luck!

@PiNaY Just wanted to drop in again to say love your advice to shift the mindset. It can be challenging to get started when you've already told yourself No from the very beginning. Great point for us all to reflect on at any point of our financial lives.

Last edited by Maryann

Can someone give more details on the private equity account for the business? I'm trying to help my fiance reorganize he's self employed mechanic and there's almost too much info out there now! I desperately wish for a simple "oh you're in Texas, here's your to do list"

DBA? vs LLC? But then here setting up the LLC is not cheap. He fixes vehicles but to resale them as part of his business he has to get a dealers license, which is $2000 at least. Taxes, state unemployment, quarterly reporting a must? Or voluntary? So many questions - ideas, state specific to do list even more appreciated! Someone bored and wanting to invest and take over my role open to offers lol

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