Smart Money Monday: New business advice - Hawaii News Now - KGMB and KHNL

Smart Money Monday: New business advice

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HONOLULU (HawaiiNewsNow) - With the new year just around the corner, some business owners may be thinking that it's a good time to get going on a plan. But is this as an opportune time to start a new business? Kevin Sakamoto, senior vice president with Bank of Hawaii, joined Sunrise to offer some advice.


Mistakes to Avoid

* Not having a clear plan for progress

* Failing to describe products/services in layman's terms

* Lack of market and competitor research

Resources for Help

* Honolulu Minority Business Development Center at UH (956-0850)

* Pacific Business Center Program at UH (956-6286)

* SCORE of Hawaii, Inc. (547-2700)