To start and operate a new food business that takes advantage of your love of cooking is difficult. Many scrapbooking products were designed by scrapbook enthusiasts, who saw the need for a product and filled it. Product designers can either license their idea to a larger manufacturer or take the plunge and start their own company! It is a good idea to begin familiarizing yourself with basic business concepts and with the vernacular of your industry. One of the easiest ways to screw up your business accounting and possibly run afoul of the IRS is to commingle personal and business funds (and transactions). Although anyone can start a business, many people fail because of a bad product or improper research.
As a consultant Tim has helped businesses such as Apple, Autodesk, and McDonalds with their business planning. I can’t tell you how many times I have found myself in trouble …
