Esther C Kane

1. Start the business in a niche you are already passionate about. It is far easier and much more pleasant to put in the long hours when it is a subject you are very keen on. There is also an easier learning curve.

2. Start out small while you are still in a regular job. Depending on your business it could be some time before you are making enough money to live off of comfortably. Remember you will need a reserve for emergencies as well as enough profit to cover the daily expenses.

3. Avoid over dependency. Do not become overly dependent on any one customer, or supplier, or form of advertising, or even bank – get the picture? You do not want to find yourself in dire straits because of a change in any one factor.

4. Have a business plan. Know what your goals are and the steps needed to reach them. Know what you need in terms of supplies, time and help. At some point you will need help!.

5. A problem shared is a problem solved!. Having a mentor, or even just a friend with business smarts, to bounce problems off is invaluable. Bouncing those problems around often reveals opportunities and possibilities you would not have thought of yourself.

6. Remember your family. They are putting up with your endeavour and possibly suffering too. Spend enough time with them to make sure they know they are still the most important thing to you and their support will continue.

7. Be a female! I’m a male myself but nearly every time I have read of a great success story in the small business magazines recently it was a female entrepreneur in the spotlight! eBay businesses particularly seem to have so many successful females and there are a great many work at home moms doing great.

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