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Factors determining if you are capable of handling a business.
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[QUOTE="Jasz, post: 254894, member: 61772"] In addition to what you have mentioned, the first step in starting your own business is to determine whether you have the necessary skills and abilities to manage it. Some people are more naturally suited to running a business than others, and some people have strong family ties that can help them succeed in business. But regardless of your background or personal situation, there are some basic factors that must be considered before you start looking for a business to buy. These include: Education: If you want to start a new business, make sure you have the appropriate education and training. You will need qualifications such as an undergraduate degree or higher from an accredited university or college, plus at least one year of relevant experience. Some states require that all businesses seeking state licenses be licensed by the state; check with your local department of commerce or licensing board for details on what type of license is needed. Experience: Before jumping into any new venture, it's important to prove yourself as an entrepreneur by gaining work experience in a related field or successful startup company. This can help build credibility with potential employees and customers who may see you as an experienced leader when they hire you. In addition, developing work experience will help develop your understanding of how businesses operate and which skills are most important. [/QUOTE]
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Factors determining if you are capable of handling a business.
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