Advice For New Business Owner
Hello! I 24F am going to be graduating esthetician school in June and am going to be working as an esthetician for one year to save up money to launch a skincare business. I’ve done quite a bit of research into what it would be like to start a business and I’m quite motivated, but was wondering if anyone had any tips in terms of starting something from scratch. I was looking to save around $20-40k and take out a loan to have around $50-70k total. I haven’t done specific calculations yet but here are the things I have put in mind in terms of why I wanted 50-70k to start my business: (Hiring a private cosmetic chemist to formulate and run stability and required testing for two starting products, getting packaging, hiring graphic designer, renting out photo studios/hiring photographer for my products, hiring models possibly, influencer seeding, possibly hiring a bookkeeper, manufacturing costs). I’m very social media savvy so I can create the website, email list, and manage social media myself for now and I’m still deciding if I want to send out packages myself or if I’ll have enough money to start using a service who will package and send every order out. I want to make sure I have realistic expectations about how much work and stress this is going to take. So to all current entrepreneurs, if you own a business what would be any good tips you’d have for a beginner? Any advice would be appreciated!
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