Can You Start a Business Alone?

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  1. 1. Can You Start A Business Alone?The first reaction from many people might be to say that you can, especially onthe Internet or if you just sold some excess garden produce - simple one-manbands. Certainly, the bigger the company, the more obvious it becomes that helpis required.The first port of call, if the budding entrepreneur cannot do it alone, is afeasibility study. A feasibility study is necessary to determine whether thebusiness idea has a chance of succeeding. It will also help you find a locationfor your business premises, although this last step is irrelevant for theInternet obviously.The feasibility study can then be used to draw up a five-year business plan,which can be used to try to convince the banks or other backers to lend you, ormatch, your start-up capital.Then you may need an interior designer and a shop-fitter to prepare yourpremises or a web site designer and programmer to make your web site lookprofessional and run properly.Later, you will need inventory for which you will have to find suitable,reliable suppliers. Lastly, you may need staff or other forms of temporary helplike an accountant, a solicitor or / and Internet support for yourself and / oryour customers.If you can do all of these jobs yourself, then all well and good, but mostpeople will not be able to. Those the most likely to fail will skip the stagesthey cannot manage alone to save money.So, can you start a business alone? The answer has to be that there are not manybusinesses that can be started alone. Lets look at some examples:A newspaperman selling the Echo from a box in the high street, has to choose anewspaper that people want to read; he has to choose a reliable supplier thatwill accept his unsold returns and he will have to find the best place to stand- his pitch. He will also need a street-vendors license and a book-keeper.The allotment-holder who sells excess produce will also have to find agreengrocer or florist who will accept his or her produce, whenever it isavailable and at a fair price. Tax should also be calculated and a return filed.Hopeful teenagers trying to augment their pocket money on the computer in thebox room need a reliable computer and a reliable connection to the Internet.They have to find affiliate programmes that pay well without ridiculous minimumpayout levels like $50-$100.In short, the vast majority of businesses require support, advice and assistanceat sometime or other. And lets not forget customers - every business needs themtoo.There are two periods when support, help and advice are most crucial: at start-up and when doom threatens.In the book, "Behind The Smile", Leks mother, the titular head of the familyfarm, after the sudden demise of her husband, is faced with massive debts from abank loan that she did not know existed.She did not seek advice and nor was she offered any. In her panic to save thefarm, she allowed Lek to work in a bar 500 km away, which led to her driftinginto the tourist sex industry.But could the situation have been handled any better if professional advice hadbeen sought? And would it have prevented Lek having to move away? How many lives
  2. 2. could have been changed for the better?Behind The Smile : ISBN:978-1-475-21688-2 : Published by CreateSpace 19-4-2012 : Paperback and eBook.