I know two people who can start and run a small business.
My Mom- Owned and operated a state licensed children’s day care center for 15 years. She’s now retired and lives in Florida. She started up a new small business driving old people who have lost their licenses. She also sells at flea markets. One neighbor died. Their heir said ‘There is a bunch of stuff I do not want. You can take it’. Mom sold the bunch of stuff to an antique dealer for $300.
Nick- Nick has owned a housecleaning business for years. He has had many employees. When he was thinking about buying a restaurant franchise. I asked him some questions. He impressed me with prepared answers and actual graphs. He had the franchise for a year or so and sold it for profit.
My friend Jeremy, may know what he’s doing starting up a gaming geek shop. I haven’t bothered to ask him a bunch of questions yet.
If any one else comes to me with a business proposal, I recommend that they run it by Mom or Nick.
Some things I don’t think Joey P mentioned-
Most businesses don’t turn a profit for a year or so. You need capital to sustain the business (and pay your mortgage and buy food and stuff) for a year.
As the boss, expect to work harder, longer and for less money than everybody else for quite a while.