Almost everyone stuck in a cubicle dreams of starting his own business. Here are 3 ways to start a new business without quitting a day job. If you’re reading this, there’s a good chance that you’ve always wanted to launch your own startup. According to our research, roughly half of all readers dream of founding their own business.

1. Use Your Salary as Funding

Gregory Moore financed his big idea one paycheck at a time. The opportunity was obvious: Gregory Moore wanted to create a company that would securely transmit patient and payment data between hospitals, doctors, clinics, and insurers. In 2000 he took the proposal to software maker TeraHealth, which then hired him to make it a reality. But TeraHealth didn’t pursue the effort, so Moore began building the business on the side. He used his salary to hire a coder and spent nights and weekends filing incorporation papers and creating sales brochures. He even set up a basic office.

The Monday after he left TeraHealth in March 2001, his new company, Harbor Healthcare, was open for business. Moore booked his first revenue about a month later. TeraHealth grumbled, but Moore had records proving that he’d hatched his idea long before he joined the company.

The key, he says, is “to use your salary to invest in the startup as much as possible before jumping ship.” After five years and several rounds of angel funding, he still owns a majority of the firm’s equity.

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Business plan is an economic program for managing your business. It is important to prepare a business plan competently and completely. On the one hand, it will help you by developing the right business strategy, on the other hand, it helps to calculate the possible losses and the profit. But wrighting a business plan may execute and very responsible role, when you went with it to the bank for a loan for the entire case. Bank with your business plan will be able to evaluate degree of risk, interest rates on loans, the terms of a loan.

Also, the business plan determines the fate of investment from outside. Literate business plan and attract investors interested in your case their funds.

It is understood that not every business idea can become the basis for profitable business. If you have an idea for a business, it can be recommended to pick up a pencil and think about the basic key points. What is your experience in implementing such a project, how well do you hold information about the object of your project, about a license or certificate for this kind of business, whether your idea is a unique idea that makes it something special. And also you’re your project survive if there is competition, how long will take the pay off the idea of what it means you have to implement the idea (capital, premises, land, equipment, labor, etc.). When you will have the detailed answers to all these key moments, you can safely take on writing a business plan.

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Think how to start a new business. You have several options:

• Refer to the entrepreneurs’ support. There are governmental business programs for small business support. Following those programs there are benefits in rent, purchase of office equipment, and also the help in organization of new business for entrepreneurs-beginners is provided. Information on this issue may be requested from local government, because the assistance program for small business are of regional and sometimes even of urban level.

• Start a business from scratch. Such an option is fraught with difficulties. It is rather difficult to promote your business idea into reality. Be prepared that this will take you quite a lot of time, money and other resources. May be you’ll need to find some investors. However, everything is in your hands, and the success of your new business depends entirely on your persistence, perseverance and diligence. There are many cases known, when people achieved great success in business, starting from scratch and without any investment.

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Do you think that business is your element, your ideas are original, and your creative solutions are to bring you a stable income? Are you ready to work up to 80 hours per week for yourself instead of 40 hours for your boss? Do you have a willingness to start, but you do not know what actually to start from? If you want not only to earn money, but to implement your business idea and to start your own new business that will bear fruit, then this article is for you!

Are you ready to become an entrepreneur?

First of all, to see whether your decision to start new business is a good idea, and whether you will become a good businessman, ask yourself the question: would you like to have a partner in business, like yourself? Try to answer this question objectively. If the answer is ‘yes’, then start your own new business. Even at the zero level of your business you must understand that you shouldn’t rush, because rushing you risk to fail in the beginning. Before you start implementing your idea, you need to conduct a marketing research, create the business plan, and keep attention to all the details.
Try to choose from all fields of activity the one you have an idea about. Remember that starting a new business you’ll have to learn a lot of things.  It is very important to know the essence of your business on a professional level. Thus you can control the whole work process from the start to the implementation of the product.
It is observed that if you have such knowledge, then the uniqueness of your type of business will help you to take a sure place under the sun and avoid the serious competition the old-timers of this business.