Home  |  Careers & Education  |  Career Skills  | 

How to Know if You are Ready to Start a Business

How much time is involved in starting a business?

To properly view this site, javascript must be enabled and Flash version 9 or higher must be installed.
Get the latest Flash player
Fred GlaveDavid Krauskopf

Fred Glave has over 40 years experience in the telecommunications industry.  Beginning in the research and development area, he successively moved through positions in engineering, marketing, general management and senior officer positions with Nortel Networks.

He founded a new venture-financed company in Silicon Valley and went on from there as a senior executive and CEO in several telecommunications enterprises.  He has had extensive experience in international marketing and been the lead initiator in several technology and corporate acquisitions or partnerships.

Mr. Glave’s strengths lie in all phases of technology management, and he is knowledgeable at the working level with all aspects of telecommunication management.

He is a graduate of the University of Toronto in Electrical Engineering and holds a Masters degree from MIT and a PhD from Univ. of Calif., Berkeley, all in electrical engineering.

Since retiring from his last position in 2002 he has been active as a counselor with SCORE (Service Corps of Retired Executives), He is a member of the Advisory Committee of the Reston Chamber of Commerce Incubator Program and is currently a mentor to two of the companies participating in that program.  He is also a member of the volunteer docent staff at the Library of Commerce.

How much time is involved in starting a business?

David Krauskopf of SCORE explains how you will know if you are ready to start a business.

This expert: 102,098 views

This series: 9,995 views

Download to Mobile Device
Tags:

Business

,

Small

,

Owner

,

Start up

,

Begin

,

Llc

,

Sole

,

Proprieter

,

Liability

,

Class

,

Market

,

Position

,

Research

,

Passion

,

Hours

,

Commit

,

Drive

,

Boss

Comments:

0 (Read Comments) (Add Comment)

Print

Transcripts

Host: How much time is involved in starting a business?

David Krauskopf: You have to evaluate how much time you willing to commit to this business versus your other time commitments. This is very critical because compared to sort of regular job where your hours are more defined or set, we see that most entrepreneurs spend way more time than that regular job in getting their business going and you are the one who has to make that choice about how much time to put in.

In fact, many successful entrepreneurs spend almost all of their waking hours in the start up phase to make their business actually go and run. So you need to look at what are the time commitments in your life right now, family, other commitments and you need to evaluate that and discuss with those people what the impact might be if you are starting that business, on your time and it will help you a lot if you can get the other activities and people in your life aligned with this likely amount or huge amount of time for it that you are going to have to made to start your business. If you choose as much smaller amount of time, you will reduce the likelihood that you will do well with your new business.

1

Other Videos

  • How many alcoholic drinks are considered safe for me to drink responsibly?

    How many alcoholic drinks are considered safe for me ...

  • Can you sum up the process of finding the right career?

    Can you sum up the process of finding the right ...

  • What are the differences between a religious and non-religious college?

    What are the differences between a religious and ...

    This video discusses the steps a high school student should take to begin the process for identifying the right choices and applying to college. It will provide you with both facts and expert opinion on various aspects of the college selection and admission process. There are suggestions on how to plan and strategize for gaining admittance to college. In addition, it will highlight different aspects of the process and breaks each down to a specific segment like standardized tests, college essays, financial aid, etc. to name just a few. We will offer suggestions on how to get started, remain on schedule and finally how to make the best choice for college. This video will provide every student and parent with the necessary insight as to how to begin and best move forward with the college process.
  • Am I at a disadvantage going straight from undergrad to business school?

    Am I at a disadvantage going straight from undergrad ...

    In this video, David Petersam (President of AdmissionsConsultants) discusses the various steps involved in applying to a top-ranked MBA program. This video is designed for the aspiring applicant as well as those currently undergoing the process; it covers every phase of the application process, from school selection to the interview to being admitted. Included in the series is an overview of terms, what to expect throughout the process, and what to do after you’ve been admitted.
  • How to Get Started with my Math Videos

    How to Get Started with my Math Videos

  • Technology productivity tips with Frank Furness

    Technology productivity tips with Frank Furness

    Technology tips from Frank Furness and Terry Brock. Get your free software at http://www.frankfurnessresources.com