Home
  • 12-Step Guide to Starting a Business

    🌱 EVALUATE YOURSELF
    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 businesses fail? How much capital do you need? 

    What sort of lifestyle do you want to live?

    Are you even ready to be an entrepreneur?

    🌱 THINK OF A BUSINESS IDEA
    Do you already have a killer business idea? If so, congratulations! You can proceed to the next section. If not, there are a ton of ways to start brainstorming for a good idea. Go out and meet people and ask them questions, seek advice from other entrepreneurs, research ideas online or use whatever method makes the most sense to you.

    🌱 DO MARKET RESEARCH
    Is anyone else already doing what you want to start doing? If not, is there a good reason why? Start researching your potential rivals or partners within the market 

    🌱 CREATE A DEMO SERVICE AND WATCH THE 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.

    🌱 MAKE IT OFFICIAL
    Get all of the legal aspects out of the way early. That way, you don't have to worry about someone taking your big idea, screwing you over in a partnership or suing you for something you never saw coming.

    🌱 WRITE YOUR BUSINESS PLAN
    A business plan is a written description of how your business will evolve from when it starts to the finish product. You might just be lucky to meet an angel investor. 

    🌱CAPITAL/FINANCING YOUR BUSINESS
    There are several ways to fund your business: ranging from self-funding either by saving up, pitch your needs to friends and family, request a small business grant from the government through the BOI, start a crowdfunding campaign online, solicit Venture Capital investors or meet with angel investors.

    🌱 DEVELOP YOUR PRODUCT/SERVICE
    After all the work you have into starting your business, it is going to feel awesome to actually see your idea come to life. But keep in mind that it takes a village to create a product.

    🌱 BUILD YOUR TEAM
    This is very important "it takes a village to build a product".
    To scale your business, you will need to hand off some responsibilities to other people.

    🌱 FIND A FAVORABLE AND ACCESSIBLE LOCATION.
    This could mean an office or a store, for sure, priorities wil 

    Will defer depending on need
    🌱 WORK ON GETTING MORE SALES
    🌱 GROW YOUR BUSINESS
    🌱 KEEP SHARING THIS. Thanks πŸ¦‰ 

    Updated on 9:29-am January 24,2020


    category_logo
    avatar

    Tags: business startup

    Please share


    No comments yet

    Reply