5 People You Should Talk With Before Starting a Business

Talk to these five people before starting a business to gather information and ensure your idea is viable.

1. Your spouse: Discuss how the business may impact your relationship, finances, and free time.

2. A lawyer: Seek advice on legal requirements and business structure, and obtain guidance on setting boundaries and minimizing disputes.

3. An accountant and trusted advisor: Get assistance with accounting and financial decisions as your business grows.

4. A business coach or mentor: Gain independent business advice from someone experienced who can help keep your vision grounded in reality.

5. A banker: Consult a trusted banker to navigate the loan application process and establish a relationship for your business’s financial needs.

Starting a business requires thorough planning and seeking input from multiple sources. Talking with these five individuals will provide you with valuable insights and set a strong foundation for your business venture.

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