You might have just been fired, laid off, or “right sized” and now you have been looking at changing career paths. But the major question for you is: what should you do? Now, for some it might be a good time to go back to school - online schools are perfect for this!
For others, it’s a perfect time to start your own business. Be your own boss and set your own rules.
The steps to starting a business are relatively easy. But, to be a business owner you need to have a business that you have a passion for and something that you think you would love to run. Now, for example, if you have been playing games for a long time, either video, PC, board games, or even role playing games; then maybe owning a game store would be for you.
The following steps will get you started:
The first step is to figure out what kind of game store would suit you. If you would like to have a game store that is dedicated to board games and role playing games, then your space requirements will be larger than one that is dedicated to only video and PC games. Once you have figured out the type of store you want to run, you will need to figure out how you want to run it. There are a several ways you can run it: as a Sole Proprietorship, a Partnership, a Limited Liability Company, or as a Corporation.
Now that you have figured out what kind of store to own and how you want to run it, you will need to sit down and figure out whether you can afford to run a store. You can accomplish this by writing up a business plan. A business plan can be either written and researched by you - or, if you have the resources, by a business consultant. Once you have the business plan written you will then know how to finance the operation.
There are two ways to finance a business; the first is personally and the second is with outside financing. You can finance your business with your own funds – either with savings, a personal/home equity loan, or relatives/family. You can also use outside financing – venture capital, small business loans, or Small Business Administration loans. Either way will get you the money to start your business – look around: you’re a business owner! Get your stock in, hire some support staff, keep your skills sharp with online business management classes, and start advertising.