How to Starting your own business

For many of us, the American dream is to start a business and be our own boss. This entrepreneurial spirit has shaped this country and this nation has brought great success.

It's good to know that this trend is alive and latent in much of the growing Latino population. According to a recent survey by AARP of people 45 or more years, a greater proportion of Hispanics, compared to any other ethnic group or general public-start a business in the next two years, 24% against 6% of the public -general.

Being an entrepreneur can be risky, but it can also bring great success. Most people who are successful when starting a business itself have planned well each phase. According to the Federal Agency for the Development of Small Enterprises, it is necessary to take the following steps:

To write a complete business plan. But before we begin drafting the plan, investigate carefully and answer the following questions:

- What is commercial or empty niche to fill my business?
- What products and services will I sell?
- My idea is practical and meets a need?
- What is my business advantage over others that already exist?
- Can I offer a better quality of service?
- Can I create a demand for my business?

Once you have determined that his idea for a business is feasible, answer the following questions:

- What legal structure will give you my business?
- How am I going to keep the files from my company?
- What kind of insurance coverage will I need?
- What equipment and supplies will I need?
- How will I compensating (pay)?
- With what resources story?
- What financing will I need?
- Where will I find my business?
- What would you going to put my business?

If you are starting a business that is going to work from home, it must also answer the following questions:

- Do I have in my house the necessary space (preferably separately) to drive the business?
- Can successfully manage the business from my home?
- Can I handle the isolation to which I shall be subject to work from my home?

Your answers to these questions will help you create a business plan focused and well-substantiated that it will serve as a map or a guide. This plan should detail how it will operate, manage and capitalize on the business. For more information, visit the website of the Federal Agency for the Development of Small Enterprises.

A franchise or business opportunity may sound appealing, but you could lose money if a business does not investigate carefully before buying.