New York SBDC Research Network

Here's something I got from Heather Robinette, Business Consultant at UALR Arkansas Small Business Development Center a few years back: I will receive free money or loans because I am a minority, woman, veteran, or ex-convict. I’ll get rich quick and won’t have to ‘put up’ with people. I will be my own boss, be free to do whatever I want, and no one will tell me what to do. I will work less and be able to have more free time if I am an owner versus an employee. It doesn’t matter what my family thinks about me going into business. If I know how to do the work, then I can run the business. I plan to hire someone to run my business for me. If I build it, they will come. Whenever I turn the key on the door, there will be a line of people waiting to buy my products. I know my idea will work because my friends and family thought it was a great idea. I don’t need to write a business plan because I have contracts with my customers. There is no competition in my area. The lack of a product ...