starting new business

AeroKid

Hi Folks,

I am looking for some advice. I am currently in full time employment and appreciate that I am working!

However my friend and I have been hashing around the idea of starting our own company. He is also in full time employment. Our idea is based on both of our current expertise in the industries that we are employed in.

The positions we hold would help us to develop our own business & provide a solution to the companies we work for.

I would be concerned about conflict of interest but would be confident this could be kept out of the equation if things were done correctly.

I wanted to know, should we go ahead with this or park it? If we do go ahead what steps should we take and I mean baby steps neither the two of us have ran our own business before!

Any feed back welcome....:)
Thanks

jimmii

Make sure to talk to your managers before doing anything some companies have it written into contracts about working elsewhere.

Your post is too vague to really be able to get a real answer.

How much experience do you have?
Do you have enough money to do it?
Is your industry growing or can it fit in a new entry into the market?
What would you be able to do differently?
Why would someone switch to using you?

You perhaps don't need to answer those here but as long as you can answer them yourselves then its a start! I worked in retail for years and have learnt more since opening my own place in February than I did in the ten or so years working for someone else!!

relaxed

Join nothing except the rosary.



That's not a joke, just think long and hard about going into business with anybody, it often ends in tears.