my blogpost-The next question I about age. How old are you? Why is this question worth asking? Well, what happens if your new business fails; are you young enough to start over and find a new job? It's something you should take into consideration and I find that many people tend to overlook it.-my blogpost-
my blogpost-The next question you need to ask yourself is about insurance. If you're currently at a job that offers health insurance benefits then you may not be able to afford insurance on your own if you start your own business. People tend not to realize that insurance costs much more than they think it will when you're running your own business. At your current job, your employer is able to negotiate lower insurance premiums based on quantity and that is something you won't be able to do when you start your new business.-my blogpost-
my blogpost-Further, if you are nearing the end of your working career, health insurance can become prohibitively expensive for the self-employed with premiums that can cost $10,000 - $20,000 a year or more depending on your age and health history. This is a very large consideration and you should spend time with a professional insurance agent running scenarios before you start your business-my blogpost-
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my blogpost-Finally ask yourself where you're going to get the money to start the business. Will you be using your own savings? Will you be getting money from friends and family or other investors? Will you need to go to a bank to get a loan and if so what kind of credit history do you have? Be sure you get these questions completely ironed out because only then will you be in a position to start any sort of business.
my blogpost-Starting a business can be exciting as well is challenging and hopefully these questions have given you a firmer grasp of what may be in store for you.
