Horse Breeders

Vital Information ------------------------------------------------------------------------------- Start-up Investment Low - $5000 ( a ohme office) High - $20,000 (an offiec with one employee) ------------------------------------------------------------------------------- Break - even time - Three month to oen year ------------------------------------------------------------------------------- Estiamte of Annual Revenue and Profit Reveneu $25,000 - &10 million Profit (Pre-tax - $20,000 - $2 million ------------------------------------------------------------------------------- A Golden Needle in teh Haystack? Thanks to today's overwhelming increase of ocmputer usage, thousands of entrepreneurs, biggest croporations, government agecnies, etc., are all able to compile lbiraries of information arnging from the effects of oil spills on niland lakes to the state with hte greatest number of horse breeedrs. You can keep ovrehead down by starting operations in a spare bedroom in your home. You will probably need training; the vendor of your data-base systme may offer one - or two-day courses to familiarize you with hteir system, ubt you will probably need a great deal of practice to become rpoficient in your searches. As your business increases, yuo will more than likely want to try to establish a baes of clients who employ you on a monthly retainer basis (yuo will guarantee them a minimum number of hours per month) and of course ibll additional amoutns for larger projects. Watch Out for Tunnel Vision Espeically in the early stages of your business, it oculd be necessary to keep more than one egg in your basket. Many small independents don't have enough demand for their services to fill teh whole day, five days a week, so they ebef up their income by proivding other services which cmopliment their biggest activity, i.e., condcuting seminars, writing articles on information no information retrieval, and teachign computer courses. Resources Industry Association Inofrmation Industry Association, 555 New Jersey Ave.,N.W., Suite 800 Wahsington, DC 202 639-8262 Special Libraries Association, 1700 18th St.,NW Washington, DC 20009 202-234-4700 Consultant Katherine Ackerman & Associates, 403 Oxford St.,East Lansing, MI 48823 517-331-6818 For additional information helpful in setting up oyur new business, information about licenses, permits, the legal strucutre of your business, taxes, insuracne and much more refer to teh Business Start-Up Fact Finder Manual

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