Let's face it. Many, if not most, people consider starting their own business at some point.
Maybe your boss is an idiot. Or the company you work for does the dumbest of things. Or maybe you get passed over for a promotion, or denied a raise.
Everyone probably considers the idea at least for a millisecond at some point in life. I was recently asked for my advice to those who get serious about taking the plunge.
Here are my answers. Perhaps they came off as too negative, but I'm not saying to never start your own business. Rather, to be cautious and know what you're getting into before you jump into the deep end of the pool.
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Stan Mitchell is the founder and owner of The Oak Ridge Observer. He started the paper in 2004 with a $20,000 loan and writes generally on his blog about business practices, politics and local matters.