1.     Learn as much about your proposed business as you can. 

2.     Project sales and potential profits for the first three years 

3.     Accept that starting a business always takes more money than you anticipate 

4.     Study successful competitors carefully 

5.     Remember:  Location, Location, Location! 

6.     Decide what kind of image you want to created with your service, product, packaging, pricing, ads, personnel, décor, vehicles, etc. 

7.     Keep complete and accurate records for tax purposes, for your bank and, most important, for your own guidance. 

8.     Hire good, experienced help and find a competent lawyer, accountant, banker, insurer and promoter. 

9.     Learn what, where and when to buy and how to gauge inventory. 

10.            Allow for all expenses before figuring your potential profit.

Copyright 2000 Linda Lucas Fayerweather

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