Coming up with a million-dollar idea is one thing, but actually figuring out how to turn that thought into a bona fide business is another. There's so much to consider — from your business plan to your overhead costs to intellectual property — that it can be pretty overwhelming for a first-time entrepreneur. That's why we asked Tonya Rapley, the founder of My Fab Finance and a certified financial educator, to walk us through the process of starting your own business. Watch the video above to find out everything you need to consider before starting your own business, from the soul-searching you need to do beforehand to the amount of savings you should have.
We've partnered with Rocket Mortgage® to give you all the knowledge you need to turn that ingenious business idea into a reality.