What to know before starting your own business

According to the US Small Business Administration, over 17 million small business applications have been filed under the Biden-Harris administration. As more small businesses pop up, BE Group Inc. Founder Suzanne Stantley joins Wealth! to break down key information you should know before starting your own business.

Over 17 million individuals have said I want to start a small business and those businesses if successful will add a lot of jobs and a lot of revenue to our economy. You know, the most important aspect of starting a business is really understanding the industry that that business owner is operating in many people.But have they really done the research, have they really conducted an analysis of the industry and the segment in which they operate in order to really have a good understanding of what they are stepping into running a business is not like running a household.

Well, you know, free is an interesting term and most of the um businesses access to capital programs reside within the Small Business administration, as I mentioned already.

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