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Re: Crafts and Starting a Business

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Hi kristinfleig! I'm guitarangel's sister and am working towards starting my own floral business.  (I'm quite obsessed with Pinterest too. My floral design board is insane! )  I find myself in the same place, a bit intimidated by the monumental task of starting a business and a successful one at that.  My dad has encouraged me to create a business plan first.  Envision where you want to be then break it down into simple, achievable steps.  You might look for a book Business Management for Dummies.  It will give you the basics on how to start and manage a business. 

 

For starters, I would try to arrange interviews with people in a similar business to see where they started, what they wished they knew starting a business and what advice they would give to other entrepreneurs, etc.  Also research the concept of survivorship bias.  Below is a link to an article that we found that addresses survivorship bias and how it effects our thinking and decision making.  I hope this helps and good luck on your business!

 

Survivorship Bias – You Are Not So Smart


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