Step 1: Get Inspired
All businesses start from a common
point - an idea. You may have dreamed
of starting your own business for years,
or inspiration may have hit you
unexpectedly. Regardless of the source,
the first step of starting your own
business is coming up with a business
idea.
Step 2: Do Your Research
You've identified your big idea, now it's
time to balance it with a little reality.
Are you really ready to start a business?
The next stage of research you conduct
in your small business start-up process
will help you figure out if your business
idea has potential.
In order for a small business to be
successful, it must solve a problem,
fulfill a need or offer something the
market wants. There are a number of
ways you can identify this need,
including research, focus groups and
even trial and error. As you explore the
market, some of the questions you
should answer include:
Is there a need for your
anticipated products/
services?
Who needs it?
there other companies
offering similar products/
services now?
What is the competition
like?
How will your business
fit into the market?
Don't forget to ask yourself some
questions, too, about starting a business
before you take the plunge.
Step 3: Make a Plan
You need a plan in order to make your
business idea a reality. If you intend to
seek financial support from an investor
or financial institution, a formal written
business plan is a must.
Even if you don't anticipate seeking
financial support, a simple business plan
can give you.... http://feelgoodstuffs..com/2014/07/how-to-start-small-business.html?m=1