Entrepreneur | Best Ways To Start A Business
1-Explore
Yourself
Let’s start with the most
basic Question
“Why do you want to start a Business?”
Use this question to guide
what kind of business you want to start. If You want extra money, maybe you
should start a side hustle. Once you
have a reason, starting asking yourself even more questions to help you figure
out the type of business you
should start, and if you have what it takes.
What Skills do
you have?
Where does your
passion lie?
Where is your
area of expertise?
How much can
you afford to spend, knowing that most Business Fails?
2-GET YOUR IDEA DOWN
Do you already have a killer business idea? If so,
Congratulations!
If not, there are a ton of
ways to start brainstorm for a Good Idea.
Look at what’s Upcoming in the world next and get ahead of the curve.
Fix Something that bugs You.
Improve upon current ideas
that already exist.
Go out and meet people and
ask them Questions
Seek advice from other Entrepreneurs’.
Research Idea Online or use whatever method makes the most sense to you.
3-DO MARKET RESEARCH
Is anyone else already doing what you want to start doing?
Start researching your potential rivals or partners within the
market. Thanks for the internet, there
is an
An abundance of free information on companies in your Industry and how Entrepreneurs get Started.
You can Conduct interviews by
telephone or face to face.
You can also offer Surveys or
Questionnaires that ask questions like
“What factors do you consider when buying this
product or Service? “
“What areas would you suggest
for improvement?”
4-Get Feedback
Let people interact with your product or service and
see what their take is on it.
A fresh set of eyes can help
point out a problem you might have missed. Plus, these people will become your
First Brand Advocates, especially if you listen to their input and they like
the product.
Just
realize that some of that advice-solicited or not.
Some of it
won’t be.
That’s why you should have a plan on how to receive feedback.
5-MAKE IT OFFICIAL
Get all the legal aspects out
of the way early, That way, you don’t worry have to worry about someone taking your big idea, screwing you over in a partnership or suing you for
something you never saw coming, A quick checklist of things
To shore up might include
Business Structure
Business Name
Register your Business
Federal Tax Id
State Tax ID
A
Great Muslim Fighter Muhammad Ali Says,
“You are not going to
enjoy every minute of the journey but
the success
You will find at
the end will make it all worth it.”
