Lets talk money, shall we?
Now don't get stressed, I know its December! Hello Uncle Visa!
I have good news for you though.
First the bad news: It costs between $3000 and $30,000 to start a business in the U.S. And, the failure rate for new business is about 50%. (source: US Small Business Administration)
One of the reasons businesses fail is that they run out of money, sometimes because they spend money on the wrong things at the start.
Here is the good news: In the DreamBiz phase, you do not have to spend a lot of money to get the most important information you need to know BEFORE you start your business.
Information that can reduce your risk of failure.
Information like "What does my customer really want? What is my competition? How do I really feel about this idea after all?"
There are SO many things you DO NOT have to spend money on at first.
This can be confusing because we get advice that we need this, then that, and then more of all of it.
So, to simplify we have created a visual of the Business Box. You should spend almost all of your time in the pre-business phase OUTSIDE of the Business Box.
We’ve prepared a short fun video to explain. We hope you enjoy it! If you have any questions, please don’t hesitate to post them up in the Facebook group.