Now that Ive sold the shop and came up with my next business idea, its time to make things official. In order to run and operate your business legally, you have to register your business with the city and state, get all your licenses and permits and then create a business checking account.
I spent around 2 1/2 hours waiting around at City Hall (you’d be surprised at how many people are trying to start a business on a monday afternoon). Fortunately, I got to see 3 couples get married in the process.
Sold the shop, created the 6 steps to success, so now what?
After analyzing all the good ideas, it’s finally time to choose one. Like I said in my earlier post, a lot of people come up with great new ideas all the time, they just never make it happen. I didn’t want to be one of those shoulda coulda’s, so I decided to go for it. I went with my Idea #3 Setting up a Web Call Center in the Philippines.
(Continued from last entry)
Step #4 – Check the Weather Reports
How feasible is your idea? Is it realistic? Do your research, is it the right timing? You don’t want to rush into things and find out that your new frozen yogurt joint has 2 new competitors opening down the block.
Well in my situation, I was set to go to Hong Kong and China sometime mid June, approximately about a month ago. I was going to live and run my business in Hong Kong, and then I was going to handle all manufacturing and production in China. Most of my business contacts and partners lived in Hong Kong, so I would have been traveling back and forth, which would require getting a multi way visa to China (HK to China is only a train ride away). Unfortunately for me, I found out during the middle of May that the China Embassy was no longer issuing multi way visas till after the Olympics.
Possible Reasons Why China is Not Allowing Entry:
- Beijing reached its capacity for the months during the Olympics
- Over capacity = Drunk Dude Fights (A lot of Country Pride)
- Drunk Dudes + Tibetan Protesters = Beat down by China Riot Patrol
- China Riot Patrol = Bad Media Coverage, which is bad for Business
With the new change of events, this lead me to the development of my next idea. Read more