In one of my first posts here on Y.F.N.C.G., I outlined the first first few things I plan on doing to get my computer business up and running.  Up to this week I had completed four of them:

Have a business plan
Come up with a name
Register the business name
Start finding ways to make money

And now, this week, I have reached another important milestone in the preparation of my business, opening a bank account for my business.  If you’re wondering why I think establishing a business bank account is necessary so early in the planning process, I’ve listed some of my reasons.
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“With time and patience the mulberry leaf becomes a silk gown.” -Chinese Proverb

I’ve recently decided that I am going to take my time with this whole starting-a-business thing.  My overall timeline is going to be simple.  The initial goal for my business is to be a part-time extra-income generator for me starting sometime before the end of this year. This blog, and the filing of my DBA paperwork, have already set the gears in motion for that. Then, in about 5 years, I’ll decide if I will make the leap to running this thing full-time. This is slightly contrary to the more aggressive timeline I originally had, and I’ve changed my “About” page to reflect this accordingly.

Five years is a long time. Why am I setting this goal so far ahead? (more…)