SECRETS TO SUCCESSFULLY STARTING YOUR OWN BUSINESS

 The American Dream is, and always will be, to come up with an

idea, start a business and become rich from your own efforts. 
Based upon this motivation, thousands of businesses fail each
year, due primarily to not being familiar with the basics
involved in running
a business.

This report will enlighten you, and give you a number of
suggestions you can use to better guarantee your chances for
success.  This report is written with the warning that any and
every business venture contains certain inherent risks, and any
number of alternatives.  We do not espouse that any one way is
the right way or that our suggestions are the only way.  On the
contrary, we advise that before investing any money in a business
venture, you seek counselling and help from a qualified
accountant and/or attorney.

Just about the first thing you should consider before deciding to
start or purchase a business is the legal form you'll be
operating under.  There are basically four choices: sole
proprietorship, partnership, limited partnership, and/or
corporation.

Each has a number of advantages and disadvantages.  We'll try to
enumerate some of them for you.

As much as anything else, for many people starting a business is
a form of ego-gratification, and they form a corporation for some
sort of prestige gain - just to say, "I own a corporation."

With just a little bit of observation, you'll find that one of
the major causes of business failures is due to the founder
wasting start-up capital on frills, such as an impressive
store-front office, expensive furnishings, and corporate legal
costs.

One of the basic traits you must develop it you're going to be
successful in business, is a tight hold on your expenditures.  In
fact, a good rule of thumb is that anything that does not make
money for yo or protect your investment, should not be purchased
at this time.  Very definitely, this applies to the expense of
setting up your own corporation.

Unless you have a partnership and start your business as such,
the only real advantage to forming a corporation would appear to
be that a corporate structure will semi-protect the property you
personally own.

As an example, you own a home and car.  You form a corporation to
protect these possessions from business losses.  Yet, if you can
be found guilty of misusing corporate funds, your business
creditors can pierce the corporate shield and come after your
possessions.

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