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Starting your own business can be easy

August 24, 2009 12:00:00 AM PDT
With the state's unemployment rate at an all-time high and the economy still in the recovery mode, now may not seem like a great time to start your own business. Consumer Specialist Ric Romero found out being your own boss can pay off.Just six months ago Lindsey Miller was an interior designer working as an employee with another company. Today she is running a successful business out of her West L.A. home.

Her company, Former Furniture, sells fine furniture online that was previously owned.

"It started with my sister and me. We started the business in the second bedroom of my home. As we grew we had more employees and now we are just at five," said Miller.

At first Lindsey was a bit scared of starting her own business, but took the chance anyway and it paid off.

"You also go into it thinking, when you do have a certain amount of money, what you will spend over six months," said Miller. "Then when money starts coming in you realize that you are doing something with your business. There is a serious sense of pride in that."

In this economy you might be worried about your job or you're already out of work.

Marc Verge, owner of Perfect Business and several other small businesses says, starting your own business is easier than you think.

"You can go down to any bank and set up a business account, get your own business cards and start your own business," said Verge. "It is not as hard as you think. I had a homeless guy start his own cleaning crew and now he's up to 15 buildings now."

But Marc does warn that while starting the business is easy, working it is another story.

"You're going to work your tail off to be successful," said Verge.

And if you're thinking of working at home Lindsey says it's not for everyone.

"Working from home can be hard because you never leave the office and you have to know when to close the door," said Miller. "This is very important otherwise your life becomes one big mess at home."

Still want to try your own business? Here are some suggestions:

  • Begin with an idea
  • Put together a business plan
  • Determine if you need financing
  • Network as much as possible
  • Move forward and get started
"Too many times we invest in every other thing except ourselves," said Verge.

There are a lot of free resources that will help you prepare to start your own business.

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