<p>I have a pretty good idea for a business, but I don't know what to do with it right off the bat. </p>
<p>Has anyone started a business themselves and/or participated in business plan competitions, etc. </p>
<p>Thanks for the help guys.</p>
<p>I own Goldexchange.eu and make around 150k a year from it.</p>
<p>-You need large startup capital (I had around 250k - Also depends on the type of business)
-Get a easy and good looking website
-Get a product/Service more innovative then the rest
-Custom Satisfaction is key</p>
<p>Then read the 1000 guides online that give out step by step instructions in setting up a business.....</p>
<p>It hink that this is supposed to e for high schoolers. Most high schoolers don't have that kind of capital to invest.</p>
<p>*think, be. Sorry, can't type.</p>
<p>where in the world did you get 250K?!</p>
<p>I seriously thought about starting a business. You need to calculate how much money you need to start, and how much you need to make until you braek even. </p>
<p>You need to go to your local library and get adult books on starting a small business. The kid ones are dumb, mostly about babysitting or lemonade stands. </p>
<p>You need to see if you need a license for what you are doing, and if so call the contact people (or email) immediately to add that to your estimated cost. </p>
<p>You need to figure out to whom you are advertizing, and how to advertise to them.</p>
<p>You can PM me if you want. I know a bit about sales tax, etc.</p>