The issues related to start a small business is definitely not a small issue. Starting a small business need a well thought out and meticulously planning in order to grow. Another factor is not every small business start making profit instantly. The entrepreneur should not be frustrated if his enterprise does not earn profit till a year or two.



The novice entrepreneurs need to take every step very cautiously. However, following are ten useful tips given by Diana Fitzpatrick and Bethany K. Laurence which are worth considering for small business beginners.



1. Save up as much money as possible before starting.

2. Start on a shoestring.

3. Protect your personal assets.

4. Understand how — and if — you will make a profit.

5. Make a business plan, no matter how short.

6. Get and keep a competitive edge.

7. Put all agreements in writing.

8. Hire and keep good people.

9. Pay attention to the legal status of your workers.

10. Pay your bills early and your taxes on time.



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