So you've got an idea for a small business. Congratulations! Now, it's time to figure out how to make it one that survives and even thrives.
Many would-be entrepreneurs are held back by fears of failure due to the risks of starting a business. But there are ways to lessen those risks -- by taking a sane, step-by-step approach to getting ready to launch.
Here are seven fundamental steps for planning a low-risk launch:
1. Know how you'll fund it. There are many costs to starting a business, even if it's an online one. Do you have money saved up, or access to a credit line you could tap? Will you work a side job? Get relatives to help you? Have a strategy for how you will pay for business expenses.
To read the full, original article click on this link: The Risk-Averse Entrepreneur's Guide to Startup Success | Entrepreneur.com
