Originally Posted by jason_kraft
Starting a business is only like having a kid if you were required to pay for all the kid's expenses for the first 18 years of their life before they are born.
1. You have to have a Business Plan.
2.You need LOTS of capital upfront.
3. You need working capital for the first several years since not only will it keep the shop operating, you will be living off of it.
4. Be prepared to skip vacations.
5. Be prepared to work 12 hours a day, 6 - 7 days a week. I did take off 2 days last weekend so my husband and I went out of town, it was the first time out of town in over a year and I've been in business 4 years now. We used to take 2 vacations a year, minimum.
6. Be prepared lose your social life - you are too busy working.
7. Be prepared to spend most of your time running your business, not decorating cakes. If you want to spend your time decorating, it's better to go to work for someone else.
No one understands how hard it is to run a business and how hard it is to get good employees and that stay with you.
Number one - make a business plan. Do your research. There are a lot of templates out there for business plans. I used several different, some that I got from my local Small Business Association and made them work for me.