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Small Business Ownership – Essential Information for the Beginner
Have you asked yourself the following questions: · Do you have a business plan?
and · Do you have enough capital to get your business idea off the ground? · Are you willing to take the risks of loss associated with assuming debt? · Can the business generate enough cash to pay its expenses? · What are the chances for a profit? · Are your management skills adequate for developing the business operations? · Do you have the necessary skills to market and sell your product or service? · Is there a demand for your product or service? · Who is your competition? · Have you done research on market demand? · Did you do your research thoroughly? · Do you know everything about local state and federal business requirements? · Do you know experts in the field of law, taxation, banking? · Are you computer literate? · Did you visit the Small Business Administration in your town? · Do you know Business and Trade Associations that could be of assistance? · Have you contacted the local Chamber of Commerce? If you can answer all of these questions with “yes” – you are off to a good start!
Congratulations!
Useful links: www.osec.ch www.sba.gov www.entrepreneur.com
About the author: Rosmarie Levy – Trade Commissioner, Swiss Business Hub, San Francisco
Ms. Levy was born and educated in Switzerland. As an employee of the Swiss Foreign Department she has spent she has spent most of her adult life abroad and has worked in Switzerland, Great Britain, France, and the United States. Since 1999, she has been employed with the Consulate General of Switzerland in San Francisco, where she is responsible for trade promotion.
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