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How To Start A Small Business by feelgoodstuffs(m): 7:55am On Jul 23, 2014 |
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
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