I am twenty three year old and work for a company called Stevens Transport. I am going to business school and am a year away from obtaining my associates. I was going to wait until I got my bachelors to start a business but feel I can't wait. I want to open one by 09. What do I need to do? I have to get a loan, right? How do I figure out where to get the things I will need for my business? How do I learn how to budget what I spend on what I need? I just need advice on where to start right now so that I can realistically open a business in the next two years. Advice on places or people I could talk to in assisting would be great to. I want this to happen and have all the ability to make it happen. This is actually only day one in looking into this.
Having a two year horizon to plan the opening of your business is a wise move. There are many, many issues involved in starting and running a business. As you have the time, consider enrolling in an entrepreneurship workshop -- ideally one that gives you hands-on experience in creating a business plan for your business. You will need a business plan to determine if your idea is profitable and really worth the risk and investment of money that it will take. Check the Small Business Administration (www.sba.gov
) for the local small business development centers near you. They should be able to provide you with a wealth of background information. Even beyond the issue of permits for crafts shows, you also need to be aware that many craft shows have application processes and will require that you provide insurance in order to exhibit -- you can't just show up and pay for a booth. It's hard to contain enthusiasm when just starting out, but take it one step at a time. Spending money toward a business idea without a plan in mind is the surest way to waste it.