When you decide to start a business, it can be an exhilarating, exciting, frightening, challenging, and meaningful experience. There’s nothing else like it in the world! Your dream is in front of you, but without a vision for where it can go and how to build and sustain it, the process can quickly become overwhelming.
What is your dream for this business? Is it to successfully provide for yourself and your family? To support your parents or create a legacy for your children? Create lasting value to your community? There’s no wrong answer here, but if you’re going to give your business it’s best shot at being something meaningful and sustainable, there are some things you need to know right from the start, such as various business structures, customer types, revenue streams, and more.