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Starting a business is exciting—but also demanding. Develop strategic partnerships with businesses who serve the same customers you are targeting. However, you might be wrong, many businesses still rely heavily on telesales for large swathes of their marketing and sales budgets, and the return is still substantial, particularly in the telecoms industry.

If you need someone looking over your shoulder to make sure you get things done, starting an at-home business might not be right for you. There are a lot of intelligent people that start an online home business, but fail because they have no idea of what is needed to make money online.

It's never a bad idea to overestimate the amount of startup capital you need, as it can be a while before the business begins to bring in sustainable revenue. You'll need the interest, drive and discipline to stick with it for years to come, but I'll be the first to tell you that starting my blog has been the single best business decision I've ever made.

Only by factoring your customers into your system can you turn your dream or passion into a real business that'll make you money. If you are going to go through the time and effort to start a business, you need to protect it by purchasing appropriate insurance coverage.

Starting a small business will likely require a significant investment in resources in order to be successful. You will find that you will have people recommending friends, family and colleagues to you and your products. Business partners often start businesses together with little planning and few ground rules.

So you need to get clear about who your ideal client is. Try to be as specific as possible—maybe even give Start a business your ideal client a fictional name, and describe that person or company in detail, so that you really understand what they want, the problems they have, and how you can be of service to them.