Surviving Your First Year Nothing can <I>quite</I> prepare you for the rigors of entrepreneurship, but, done right, that first year in business can be your most exciting ever. Here's how to stay ahead of the game.
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Serial entrepreneur and author Walt Sutton likens a new businessto a baby. Care for it, nurture it, protect it, and it can be themost rewarding and fascinating experience of your life. Leave italone for a minute, and-well, let's not think about what couldhappen to it out there in the cruel world.
Yes, starting a business can be a lot like having a baby.It's one of the most harrowing things you can do in life, yetthe rewards make the risk and responsibility worthwhile. Anyone canstart a business, but how well-prepared you are is often directlycorrelated to how well it turns out. And hey, you even get to pickout a name.
But like baby's first year, your first year in business canbe a new and confusing time. So how can you prepare yourself foryour first year in business? First, do your homework.
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