So many of you have your own businesses which range from small to medium and sometimes grow into something ever bigger.
I was hoping to find out if there is some standard research steps that are recomended prior to starting a business.
Also, while starting/running a business takes siginficant amount of effort, I was hoping to find out whether many of the small to medium businesses (especially online ones: web communities, products/clothing lines developed by moms, etc.) are actually profitable. And if so, the ranges of profitability (Are we talking just above the red line of the costs, or real revenue that allows the same living as working for a large corporation in a mid-level position (again there are ranges).
Also, any tips on where such information can be located would be greatly appreciated. I am at a stage where I am asking a lot of questions trying to understand "how things work" and would be greatful for any resources that would provide factual picture of the online world of small to mid businesses.
Asked by Kira on 16th August 2008 |