Small Business Tax Center
Small Business Ideas, Grants &
Plans to Start & Run a Business:

Small Business Grants
CyberSchmooz
Network in Cyberschmooz Community Ask Questions Questions and Answers Share Tips Small Business Ideas List Your Business Business Advice from Idea Cafe Experts Coffee Talk with Experts Starting A Business Business Plan Biz Planning | Sample Plans Small Business Ideas Idea Name Your Biz Name Plan Your Biz Plan Financing $ Starting a Business Do It! Running your Business Marketing Tips Promotional Merchandise Marketing Tips Marketing | Sales | Customers Human Resources HR | Employees | Contractors Legal Forms & Tax Information Legal | Biz Forms Managing a Business Managing | Operations
Financing Resources Financing Your Business E Commerce & Webhosting eCommerce Take Out Info Trade Publications FREE Trade Publications Business Books Biz Books Your Own Business Small Business News Small Biz News Gen X Biz Gen X Biz Work at Home Work @ Home Business Information The Fridge - Biz Info on Ice Destress Send Awards Send Awards & Greetings Yoga At Your Desk Yoga @ Your Desk Fun Guide Guide to Find FUN Online About Idea Cafe Press Idea Cafe has received Idea Cafe in the News Idea Cafe's Kudos Kudos for Idea Cafe Advertise on Idea Cafe Advertise on Idea Cafe Privacy Policy Privacy Policy Contact Idea Cafe Contact Idea Cafe Link to Idea Cafe Link to/from Idea Cafe Join Idea Cafe
Search Idea Cafe Site Directory Site Map Online directory to business resources Biz Web Guide



Expert Answers to Biz Questions

Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.

color business bar

4 Rules for Startup Survival

 

Will your startup survive? It's a competitive world out there, and no matter what you do, it takes determination, funds, drive, and a positive attitude to get through that first year of your life as a business owner. There are four time-tested guidelines that can up the probability of success. Here's a summary of each one.

Make a Two-Year Plan

You win three ways by making a two-year plan that includes a detailed monthly budget. First, you no longer have to make a detailed monthly budget, because it's baked into the plan. Second, you'll have benchmarks to check along the way to measure your success. Finally, when you apply for a bank loan and they say, "Do you have a written, two-year plan?", you can say, "Yes. Here it is."

Use Time Efficiently

Surviving as a startup in a competitive niche means using every hour of the day to its greatest effect. Use online applications whenever possible. For example, if you want to get a medical marijuana card in Schenectady, NY, you can apply via the NuggMD website in a matter of minutes. The company has locations all over the state, so even if you're not in Schenectady, you are covered. The beauty of the process is that you can be evaluated and approved by one of our licensed physicians’ online, and then obtain your medical marijuana (MMJ) card at the same time. When it comes to prescribing MMJ cards, our doctors do it every day.

It makes perfect sense. Not only is MMJ a valuable medicine, but there are more than 100,000 people already in the program. Website customer service reps are happy to answer any questions you have, and privacy is built into the application process every step of the way. The bottom line is that you'll feel better after getting the medicine you need, and you will not have wasted a minute of time doing so. That's a solid win-win for any entrepreneur.

Work from Home

Sometimes survival depends solely on keeping expenses to a bare minimum, especially for people who own and operate startups. You can save a bundle by working from a home office for at least one year. Don't get spoiled, though. As your company grows and you find yourself in need of more space and employees, the work-from-home arrangement won't work forever. The good news, even after you outgrow your extra bedroom is to enter a space-sharing contract with other business owners. In most cities, there are real estate pros who specialize in shared space, so be sure to find one who can help you split office rent and continue to save money even after your grow.

Outsource Nearly Everything

No one is a master of all trades. If you outsource everything but your specialty, you'll be in an ideal position to earn a reliable income from your startup. For instance, if you sell tax consulting services, consider hiring freelance help for website building, marketing, legal research, and cyber security. Follow that template and you'll have a much better chance of surviving as a small fish in a very large pond. There are plenty of one-person companies out there, sole proprietors according to the IRS, so anything you can do to up your efficiency quotient is a step in the right direction.

Google      

Small Business Tax CenterIdea Cafe HomeSign UpBiz Grant CenterCyberSchmoozCoffee Talk with ExpertsPeople in Biz ProfilesStarting Your BizBiz PlanningRunning Your BizFREE Trade PublicationsMarketingFinancing Your BizHuman ResourcesLegal & Biz FormsManaging Your BizeCommerceYou and Your BizGen XWork@HomeThe FridgeDe-StressSend an AwardSend an eGreetingYoga @ Your DeskWeb GuideIdea Cafe in the NewsAbout Idea CafeAdvertise on Idea CafeContact UsPrivacy PolicySite MapSmall Biz News

Copyright 1995-2020, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc.

DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages.

TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business™, CyberSchmooz™, and BizCafe™.