I would suggest experience in the field, but my last business was a totally new field for me. More importantly than experience is money. Any business, especially retail, is money-hungry. But money alone will not guarantee success - you need drive, ambition, lots of energy and good people skills. Hopefully you've at least had some management experience. You need to know about advertising, accounting, purchasing, inventory control, security procedures, gosh.... it will help to be able to do basic graphic artwork.
Just what do you mean by "putting up"?
Tite malake input mu pepe mo!!!!
There are no educational requirements for owning and operating a business. However, a degree in business would be extremely beneficial, and lack of a business education today is one major reason why some businesses fail.
what are some of the risks associated with owning your own business
Owning a franchise tends to be a bit easier than owning a business and a pizza business is a lucrative field.
the disadvantage you are responsible for the failure of the business
There are 11 different licenses. One- the 03 C&R FFL license, is for collectors- you must be 21, and not prohibited from owning guns. All others are business licenses- you must meet those requirements and be licensed to engage in the business covered under that license.
By understanding economics & by owning a business.
The SBA government website offers information where one can learn how to start and manage a business. The website has information on the risks, how to grow a business, and owning a business.
You will be burglarized or even have a fire, that may ruin your business.
Close your eyes- do you see yourself owning a business or helping with the books for other business owners. If you plan on owning a business, perhaps your class-load will include some accounting but your main focus is business.
You're the boss, and you make the hours.
you need money to start your buiessness. And you will need to know how to run a buiesness, and a lot about weddings. the average amount to start a wedding planning buiesness is about 2,600.
Vertical Integration is owning a section of a business and horizontal integration is owning all businesses in a certain field.