Starting a business is a ”learn as you go” interactive process. It is a labour of love and money. If you wait until you think you know everything you will ever need to know about starting a business you never will start it.
Starting a business is a bit like organizing a wedding. It’s so easy for costs to spiral out of control. Therefore use a technique called ‘bootstrapping.’
Do not spend a penny more than you have to. If you can use your old computer – use it! If you can work from home – do so! However do not waste money on cheap stationery as this is false economy. Spend your money wisely on looking professional and even well established so that potential customers will trust you. As your business earns money put that back into it to help it grow. If you can start your business before you give up your job or run out of redundancy money and savings then do so.
Starting a business is not an easy way to a fortune, it takes time and dedication. However get it right and you could become the master of your own destiny, something that very few employees experience.
Choose to start a business where you can use your existing skills to the full and those that you love using. If you are to succeed you must love what you do otherwise the tough times that you will face (and you will) will make you give up the journey before you succeed.
I would suggest that you read books that will inspire you to have a go at business and seek help from people in business already. Join a networking group and use social media to find good contacts. If you plan to be good at what you do you will succeed.