Tips when deciding to start your own business | Money Smart

New business applications in Aug. 2021 were nearly double what they were two years ago.

HARRISBURG, Pa. — It may seem crazy to start a business during a time of financial uncertainty, like a global pandemic, but it hasn’t slowed entrepreneurial spirits.

The U.S. Census reports the number of new business applications in Aug. 2021 were nearly double what they were two years ago.

“You can get in over your head very quickly,” Shelley Morrisette, an entrepreneurship professor at Shippensburg University said. He says it is critically important to be as prepared as possible when starting up your own business. 

“You have to set some types of limits on how much you’re going to invest before you decide how much…

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