Wednesday, December 18, 2013

Last E Journal for class



                Timing, timing is just as important to money when you are thinking of starting your own business or buy one up. This is something that needs to be thought of and seen that if you are in the market of everyday life or just on the holidays. You need to research the area that you want to work and grow in to know that this is the area that is right for you.
 If you are looking in to starting a business up with your family, just remember that you need to have set boundaries of when it’s time to do the family things and business things. There are too many family business that start up and do not last long for the two get mixed together that no one wants to work together.  Do not get me wrong the family business is a great thing and some are very good at running and staying ruining for they know how to keep the family out of the business and vise a versa.
The business plan is very important as well. This is the plan that you will set up that tells how you plan to run the business and the goals that you want to reach while running the business. This will take a lot of time to do and should be well thought of.
The 100 dollar challenge is done with and I did not make any profit at all. I was asked that even though I did not make any money if I learned from it. The answer is yes. I learned a lot of how to start and run a business and I think that it would have been profitable if I stuck to timing everything right and was open for longer.

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