1. Keep it service-based and simplistic.
I was recently told by someone that their new invention was going to be global; it was going to be the next big thing. Then, I asked him about production, warehousing, distribution and patent because if it got as big as he was boasting, someone would have ripped it off half-way through.
When starting a business, you don’t have to reinvent the wheel. You must make it as simplistic as possible. This means staying away from government-regulated industries or not starting a product based company where you will find your margins getting hit by manufacturing costs.
To read the full, original article click on this link: Start A Business In Three Easy Stages
Author: Ken Sundheim
