So You Want to Start Your Own Business?

Starting your own business can be scary, nerve-racking, a leap of faith! But if you’re determined and focused on your goal, it can most definitely be done and yield successful results.

Most college students have thought about starting their own business and if you’re serious about bringing your idea to manifestation, here are 3 quick tips to help get you started

1.   Create a business plan.

• According to Kiplinger.com, one of the biggest mistakes entrepreneurs make is not writing a business plan. It’s important to research, research, research in order to discover how you plan to market your business, how you anticipate making a profit, etc. PLAN.

2.   Acquire business experience and training.

• No matter how driven and excited you are for your business, working for someone else and working for yourself are total opposites! Make sure you seek proper training and advice about how to effectively run your business. It would also be wise to gain experience in the field of your prospective business.

3.   Find a way to finance your startup business.

• Most business owners’ biggest obstacle is finding a way to fund their business in the beginning. The number one route businesses take is to request a bank loan. Depending on the credit score, a loan of $50,000 or less will most likely be granted, according to Stever Robbins, business consultant and startup veteran of nine companies. If that doesn’t work out, some entrepreneurs decide to borrow money from family and friends. If you decide this is the way you want to go, make sure to be explicit when explaining when the money will be repaid and the amount of time in which it will be repaid.

This Christmas, I had the privilege of interviewing my two older cousins, who started their very own business, Bro’s Grill, at the beginning of last year. Like most entrepreneurs, brothers Eddie and Lorenzo Covin did not see success without highs and lows. In the interview, Eddie and Lorenzo will briefly offer insight on their journeys as business owners!

Bre Carissa Chats with Two Business Owners

Be sure to check out their restaurant, Bro’s Grill located at 1205 Winder Highway in Lawrenceville, Georgia!

Good luck to my future business owners!