No matter what business you decide to get into, there is one thing you need to figure out before you do anything else. You need to know exactly how you will make money. I know it sounds obvious but too many people start up without thinking this through.
If you are unsure or will “figure it out later,” then you need to stop whatever you are doing and come up with an answer right now. Making money is the most important reason that people go into business and if you are unable to see exactly how you will do so then don’t be surprised if you don’t make any.
