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RE: What to think about when starting your own business

in #business7 years ago

Businesses are always difficult to start up. I personally believe that's it's a lot easier to start a business when there's a system already in place. Similar to a franchise but without the extreme costs. I've gone down the road of bootstrapping and talking to VCs, but there's a lot less risk in starting a business with a system already in place and one where there's tons of leverage available.

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Agreed! I started my own business from scratch (ecommerce). Took time to sort out all the small details as well as focus on marketing, promotions, and selling. Shopify would have been much easier to use in terms of getting a store up and running quickly, but the fees were too high... that being said, as a platform, Shopify makes sense if you have the cash and not the time or energy to build a website yourself. They also help with promotions!

I'm currently working on starting up my own dropshipping service too! My plan is to combine my network marketing business with a future dropshipping business to create a powerhouse of passive income. They're both based on leverage, so why not? Haha!

The next challenge once you're all set up will be getting the momentum to cover costs. Make sure you budget in some runway.

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