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RE: What to think about when starting your own business
yes very good list you have prepared @sme all must should follow all these list before starting any business.I will personally follow warren buffett rules If I have to start some business.thanks to share with us.upvoted and resteemed
Warren Buffett was much more focused on buying existing businesses than starting them from scratch. Besides solid finances, management/leadership was extremely important for him when buying/investing in businesses.
Highly suggest you read the book Snowball. Does a great job of telling his story, both as a professional and as a human being.