If I had to choose one single business concept to suggest over any other it would be preparation before action. A solid, concise plan that is fully conceived inside and out all the way up to "what will I do if I fail?" is the only respected scientific method for business preparation. There are many aspects to think about when deciding how to go about starting up your business and it is essential to do your homework and learn everything you can about all of the key aspects of business development before you get started if you truly plan to succeed your first time around. Are you ready to devote the majority of your life to your cause? Are you prepared to start a business at this point in your life? Have calculated / projected business sales, cost, and profit analysis for the next 12 months? There are many questions you'll need to ask yourself, and you must be prepared to answer them in order to accomplish your goals.

Many people think starting a business would be an easy way to minimize how many hours they work per week. This misconception is truly a myth. I've done my research and the average entrepreneur works a lot more than a standard forty hour work week. Of coarse there are exceptions to the rule, but for every exception there's a handful of other business owners who work 80+ hour weeks. To put it lightly, "it ain 't no crap-shoot." You can't expect a chance to win the lotto in business. A quick review of your business plan by a knowledgeable consultant could very accurately predict your success or failure. Standard banking practice for business loans is to simply divide your projected sales in half and double your expenditures. If it still looks like you would profit from that figure, then just maybe they will give you a loan, and even then you're chancing it especially if you don't have established credit. The most common method for starting a business in our current generation is credit cards, but it is also the most common form of debt!