Okay I need to post it. I have been searching the question for 2 days and it seems everyone already knows so I need to ask.
How do you actually start a business? I know you need a business license, maybe, and I know i would be looking for an LLC. But thats about it. I do not know how to get the source for my products, (thinking of a pastry selling company) I do not know how i am to pay for starting it (am I buying all the equipment/ingredients?) who to sell to, etc. I mean, I know I would want the product in specific stores but I dont think they would just be like "Hey sure kid sell your product we have never heard of here. Matter of fact, we will distribute them to all out stores."
I assume you go and find companies who make similar items, ask them to make it, and you can sell it. What I do not get is how this differs from licensing a product, which I steered clear from because 1. less control and 2. the rediculous price to obtain a patent. But it that case, what stops them from just taking your product you've given them to make?
I do not think I even know all the questions that I dont know. Or perhaps I am overcomplicating it? Can someone direct me to where I can learn?
How do you actually start a business? I know you need a business license, maybe, and I know i would be looking for an LLC. But thats about it. I do not know how to get the source for my products, (thinking of a pastry selling company) I do not know how i am to pay for starting it (am I buying all the equipment/ingredients?) who to sell to, etc. I mean, I know I would want the product in specific stores but I dont think they would just be like "Hey sure kid sell your product we have never heard of here. Matter of fact, we will distribute them to all out stores."
I assume you go and find companies who make similar items, ask them to make it, and you can sell it. What I do not get is how this differs from licensing a product, which I steered clear from because 1. less control and 2. the rediculous price to obtain a patent. But it that case, what stops them from just taking your product you've given them to make?
I do not think I even know all the questions that I dont know. Or perhaps I am overcomplicating it? Can someone direct me to where I can learn?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Last edited:
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
