United
States has always been a businessman's dreamland. Starting
your own business can be the biggest risk, as well as
the greatest challenge and opportunity, of your life.
The United States represents the capitalist system of
free market economics.
Owning a business in the US
Business ownership has always been a cornerstone of the
American dream. Many Americans have dreamed of owning
their own business at one time or another. The current
social and economic climate presents unprecedented opportunity
for aspiring entrepreneurs.
downsizing,
outsourcing, telecommuting, and the extremely low unemployment
rate have created self-employment or small business ownership
opportunities that did not previously exist. Activities
that were once employer-based are now commonly performed
on a contractual basis by small businesses or individuals
who are self-employed. As a result, more people than ever
are self-employed.
Questions
you must ask yourself before starting a business:
Why
do you want a business in the US?
What
business are you interested in?
What
skills and experience would you give to the
business?
What
is the niche area you would like to enter?
Who
is your competition?
What
advantage do you have over existing firms?
Can
you deliver a better quality service?
Can
you create a demand for your business?
What
are your resources on which you could bank
on?
What
financing would you need and how would you
compensate yourself?
Where
will your business be located?
The
answers to the above question will allow you to
create an effective business
plan.
