An article in the May 21, 2013, edition of The Dallas Morning News, by Hanah Cho, “Business is Booming”, discusses
how a couple from Dallas started their own business. After having successful careers, Pat and Mary
Sculley have invested in a startup health and wellness franchise and are
successful.
As an active member of SCORE (www.score.org),
I frequently meet with individuals planning to start or who have already
established a small business. As SCORE
mentors, we encourage individuals to educate themselves in entrepreneurship before
striking out on their own. Score as well
as other not-for-profit organizations are eager to assist individuals as they
pursue a goal of opening their own business.
There are three basic ways to open a business – start from scratch,
purchase a franchise, or purchase an existing business. Further, there are three starting venues: 1. developing
an online site using the Internet, 2. opening a physical brick mortar location,
or 3. becoming an independent consultant. The viability of any startup business is dependent
on these decisions.
Another key ingredient to a successful business is funding. Without adequate capital to start and sustain
a business startup, one’s success is fleeting.
Please share your suggestions with individuals considering opening
their own business by commenting on this blog or emailing me at
glynjordan@gmail.com.
Thanks, Glyn
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