The Chaise Lounge Podcast

Phyllis Harbinger: Starting a Business Today in The Lounge, Nick meets with Phyllis Harbinger to discuss what it takes to start a new business. They remark on the boon that easy access to the internet provides for start-up business owners, the funds and resources one needs to secure before striking out on his or her own, and what potential business owner must be capable of to attain success. No Fun Without Funds Phyllis strongly suggests that new business owners save up at least six months’ worth of money before trying to go out on their own. This is because the cost of starting a new business is high. The new business owner must be able to pay for the space they use to host their business, procure extra phone lines, hire staff, pay for medical insurance, business taxes, etc. A savings fund will not only allow you to pay for your necessities more readily, but it will also help cover any additional costs that arise unexpectedly. Much of the money you gain should go toward marketing as well. Phyllis notes that