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If becoming your own boss is high on the to-do list for 2012, your best bet is to listen to the advice of those who have blazed the path of starting a business before you, so 2013, 2014 and beyond may still find you in the driver?s seat.
Nellie Akalp has been there on a number of occasions and wants to pass on the things she wished she knew when starting her first ? and even second ? business.
1. Don?t underestimate a business plan.
If you?re not seeking outside funding at the start, it?s tempting to forgo writing out a formal business plan. However, taking the time to write out your business plan, forecasts and marketing strategy is a particularly effective way to hone your vision. All planning should center around two essential questions: How is my business serving a particular need or pain point, and does this represent a major market opportunity?
In addition, don?t overlook the exit strategy at the beginning. Do you want your children to take over the company? Do you want to sell it? It?s critical to think about these questions from the start, as the building blocks of your company (such as legal structure) should vary depending on your preferred final outcome.
2. Don?t get stuck in the past.
My husband and I launched our first online legal document filing service in 1997, and then re-entered the market with our second company in 2009. While our previous experience certainly gave us a leg up the second time around, we soon realized the market landscape had changed dramatically since our first company. We had to stop dwelling on previous competitors, customer needs and service expectations and write a brand new playbook.
The marketplace and your business plan are living entities; they?re continually in flux. Whether it?s your first company or fifth in a given market, you?ve got to keep asking: What do we need to do today?
Full story at Mashable.
Giving your business a head start.
Photo credit: Fotolia
Source: http://holykaw.alltop.com/6-considerations-before-starting-a-business
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GIGLIO, Italy (Reuters) ? The captain of the cruise ship Costa Concordia, which struck a rock and capsized off Italy, told magistrates he informed the ship's owners of the accident immediately, denying he delayed raising the alarm, judicial sources said Saturday.
Captain Francesco Schettino has been blamed for causing the January 13 accident in which at least 12 people died. He is under house arrest, accused of multiple manslaughter, causing a shipwreck and abandoning ship before all passengers were evacuated.
His statements to prosecutors investigating the disaster, reported in the Italian press and confirmed by judicial sources, underline the growing battle between him and the 114,500-tonne vessel's operator, Costa Cruises.
The liner, carrying more than 4,200 passengers and crew, ran aground and capsized off the Tuscan island of Giglio as dinner was being served. It is now precariously lying on its side on an undersea ledge, half-submerged and threatening to slide into deeper waters.
Diving crews recovered the body of a woman aboard the ship Saturday, bringing the death toll to at least 12. Twenty people are unaccounted for and hopes of finding anyone alive have all but gone.
Prosecutors say Schettino steered the vessel within 150 meters of Giglio island to perform a maneuver known as a "salute" - a greeting to the islanders. He has admitted that the boat came too close to shore but has denied bearing sole responsibility, saying other factors may have been involved.
According to transcripts of his questioning by prosecutors leaked to Italian media, he said that immediately after hitting the rock he sent two of his officers to the engine room to check on the state of the vessel.
As soon as he realized the scale of the damage, he called Roberto Ferrarini, marine operations director for Costa Cruises.
"I told him: I've got myself into a mess, there was contact with the seabed. I am telling you the truth, we passed under Giglio and there was an impact," Schettino said.
"I can't remember how many times I called him in the following hour and 15 minutes. In any case, I am certain that I informed Ferrarini about everything in real time," he said, adding he had asked the company to send tug boats and helicopters.
Costa Cruises Chief Executive Pier Luigi Foschi says Schettino delayed issuing the SOS and evacuation orders and gave false information to the company headquarters.
"Personally, I think he wasn't honest with us," Foschi told Corriere della Sera Friday. He said the first phone conversation between Schettino and Ferrarini took place 20 minutes after the ship hit the rock.
"That is too late," he said, adding the company had only realized the scale of the disaster when the evacuation order was issued, something prosecutors say happened more than one hour after the first conversation between Schettino and Ferrarini.
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Costa, a unit of Carnival Corp, has suspended Schettino and declared itself an injured party in the case.
Documents from his hearing with a judge say he had shown "incredible carelessness" and a "total inability to manage the successive phases of the emergency."
Taped conversations reveal the ship's bridge told coast guards alerted by passengers the vessel had only suffered a black-out even after those on board had donned life vests.
SEARCH RESUMES
Emergency workers resumed their search Saturday, blasting holes into the hulk of the ship. The rescue was suspended on Friday when the wreck shifted on the rocks, complicating the work of divers who are already hampered by poor visibility, floating objects and underwater debris.
"The movement of the ship is very dangerous," said a coast guard official. "There are big risks, but we all looked each other in the eyes and told each other it was worth it to give the families some solace."
The movement was only few millimeters an hour, but it raised fears the ship would slip into deeper waters, undermining plans to pump some 2,400 tons of fuel out of its tanks.
"The ship is moving," said Nicola Castagli, professor of earth sciences at Florence university, in charge of monitoring the movement of the ship. "It's a massive object that's resting on its side where there are currents, waves, and on a slope."
Franco Gabrielli, head of the Civil Protection Authority, said it was important to start recovering the thick fuel oil and diesel trapped on board as soon as possible.
"Our aim is to find the missing, to give certainty about the fate of these people, but it is also a priority to avert an environmental disaster," he said.
"Contamination of the environment has already occurred, think about the oils, the solvents, the detergents, everything that a city of 4,000 people needs."
SMIT, the Dutch company hired to salvage the fuel, said it was ready to begin extraction operations and was awaiting orders from authorities.
(Additional reporting by Silvia Ognibene in Grosseto and Gabriele Pileri, writing by Silvia Aloisi; Editing by Elizabeth Piper)
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The dawn of a new year means 365 days of new gaming action to look forward to, and the pressure?s really on for Nintendo in 2012. Not only is the company launching its new Wii U console at the end of the year; there?s also a need to keep pushing with the 3DS, which suffered at launch a year ago due to a high price tag and a generally weak launch lineup. Some real gems have emerged since then, particularly on the first-party side of things. Super Mario Land 3D continues to be the best reason to own the system.
With Sony bringing the PlayStation Vita and its console-quality portable gaming to the masses in North America on February 22, the 3DS will be facing some stiff competition this year. There?s hope though. At least a few big-ticket games are fully confirmed and presumably arriving on schedule, which means that there?s some quality 3DS content to look forward to this year. Then there are others that aren?t so confirmed, but we?re all wishing and hoping that they firm up soon. Here are some of our most-anticipated from both sides of the fence?
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This article was originally posted on Digital Trends
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