2 Answers | Add Yours
It generally takes at least a year for a new business to become profitable. Therefore, the main issue in timing when you can start a small business is one of personal finance. First, if you live in the United States, you need to make sure that you have medical insurance. Next, you need to make a realistic budget of personal expenses, and have adequate savings to cover a full year of personal expenses (rent, food, etc.). Finally, you need a full budget for your business and adequate funds to cover startup costs and a year's worth of operating expenses.
you will have to look for a viable business opportunity where:
1.its envirionment is good
2.you can meet up with the capital required in stting up the business.
We’ve answered 320,428 questions. We can answer yours, too.Ask a question