My partner and I are considering starting a business. Where do we start?

Question

My partner is due to finish his mechanic's apprenticeship in November, the garage we both work at is due to shut down, but across the road is a vacant block of land. We are considering buying it and putting a shed on there and running a workshop out of it. What do we need to know and where do I start looking for information?

Answer 1

I would definitely start out by renting a garage. Get things rolling and see how it goes, if you start picking up momentum after a year then look into buying a place.  

Answer 2

My first thing would be do ask why the garage you're working at is shutting down? Is the owner (s) retiring? Selling? If they are selling, perhaps consider asking them a series of questions that contributed to the businesses successes and failures. I have my own massage clinic and before I even opened my doors, I asked 3-4 small business owners with various backgrounds for any sort of advice so that I wouldn't be "reinventing" the wheel. The mistakes, the would've, could've, should've's of starting up. All of these pieces of advice proved invaluable. So..start by making a list of questions..and think BIG and outside the box. You don't say if your male or female, but I also checked out the Minority/Womens in Business bureau which is a branch operated out of the one of the state run universities here.  Good luck!

Answer 3

Start at your local SCORE office.

They offer Free advice from a legal aspect as well as from working professionals in their respective fields.  They can recommend the best startup approach and best of all it's free.

Answer 4

tradingsolution.org to sites on the

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