Aldeer.com Forums Alabama Deer Talk Aldeer General Forum Starting a business

First part is having an idea for a business that serves a need that is currently underserved, or that you know you can do better.

Second part is identifying that you have the correct market and potential customer/client base to support said business. There is no reason to start a business that you may be ultra passionate about and are convinced you have a better way of doing things if you don't have enough potential clients with the ability to pay you that are close enough to use your business. I think in Alabama that is the hardest part. Some parts of our state are so poor that starting a new business there seems like an impossibility. Then you add in the government wanting their pound of flesh in terms of taxes and it makes even less sense.

Once you get beyond having a workable and successful idea on paper, then you get to move onto the actual hard work, which probably won't pay off for a few years at minimum. You'll be struggling to pay rent, taxes, employees, utilities, supply expenses for a long time before you actually start to make any money for yourself. This is why it's so hard to create a good, reliable small business. The idea part is hard enough, then finding the right area/market, then actually executing said idea and maintaining it.