Is starting a new business realistic right now? Tips for success

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Is starting a new business realistic right now? Tips for success abc15

The owner of Mahalo Made, La Eidson, says she had to shut down her shave ice food truck during the pandemic and lost all of her employees. She learned some valuable lessons and has now relaunched her business as a storefront in central Phoenix.

This time around, her budget also makes room for the unexpected and that's been important with inflation and supply chain issues that, at times, have held up orders of the cups she uses to hold the shave ice, a sweet dessert made of shaved ice, flavored syrup, and ice cream. "Forecast out, not just as a startup but looking out a year, two years, five years and really understand what those financial needs are going to be," said Griffith.

 

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