25 Nov

5 Essential Things to Consider Before Starting a Business

  1. November 25th, 2013

At age 16, I started my first business. I was among the throngs of a community that gathered on muggy summer nights to cheer on the home team at our high school football games. Cheering means one thing: yelling. And yelling means that people will have tired, sore, dry throats.

For the penny pinchers unwilling to spend concession-stand prices for their carbonated relief, the school had conveniently provided a pop machine in the stadium that would deliver an ice-cold can of heaven for 50 cents.

This pop machine had a special quirk that endeared it to my young entrepreneurial spirit: it stubbornly required exact change. A lot has changed since 1998, but one thing hasn’t: nobody carries exact change. I set up shop beside the glowing, humming machine and offered people exactl

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