Want to start a business, and you don't know how to get started?
Before you get started find out if people are interested in buying your products or services. Find out who your competitors are and whether the market can sustain your business.
Do a google search with keywords about what your business is going to be able. I have had friends in the past that started out with ONE idea, and found out there is a nitch within the industry that might make it more worth time! The one I remember off the top of my head was group of people wanting to sell clothing. You can imagine the competition for that! One lady took it a step further, and made outfits in a box! She had the pants, blouse, shoes, purse, and accessories all nicely packaged and ready to GO! Pretty sweet deal for someone that doesn't like taking the time to put the outfit together! She had the done her homework on the sources she would be getting the items from, and had already worked that into her business she wanted to start! She carved out that nitch within the clothing industry, and it was something not to many people were doing at the time! GET creative!
Conduct some research to see whether your idea is really feasible. This will involve gathering, analysing and evaluating information to help you formulate your business goals.
Some questions to consider are:
What product/service will you provide?
Is your idea feasible?
How will you protect your idea?
Is there a market for your product/service?
What skills do you need?
Who are your competitors?
What difference will you bring to the market?
Do you have the financial capacity?
Looks like alot of work huh? It IS alot of work! The more effort you place into planning the less likely you are to lose your shirt! The more likely you are to MAKE money for your family! Most people I speak to mention they don't have the money to start up a business, and I told them start saving NOW!
Want to start a busines, but HOW do you do that? If you do the above groundwork you will start getting a really good idea! I will be writing in the next couple of days about how things I learned to start a business. Subscribe to the blog at the top, or bookmark! I have LOADS of items that are coming!