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Dave Portnoy shares his business advice, emphasizing that there is no perfect time to start a business. He highlights the importance of having the necessary fundamentals in place, such as an idea, money, business insurance, and a development brand. However, he emphasizes that there is no way to guarantee success until you actually try. To begin, Portnoy suggests coming up with a profitable idea, which is just the first step in a series of actions necessary to start a business. He acknowledges that there will be minor failures and achievements along the way, but these are all part of the journey towards becoming a successful business owner. Regardless of the type of business, there are essential checklist items to address, including setting aside time, money, and mastering commitment. Portnoy provides a list of key things to consider before starting a business, such as deciding on the type of business, conducting thorough research, choosing a business structure, writing a business plan, managing financials, getting paperwork in order, and planning out advertisements. He emphasizes the importance of having a solid foundation and being prepared to conduct extensive research before launching a business. Finally, Portnoy emphasizes the significance of having a strong online presence, particularly through a professional website and social media platforms, to attract customers and stand out from the competition.
