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<br>In this article, weu2019ll attempt to take as much of the guesswork out of the process as possible by showing you how to start a business in 13 general steps. Some of these steps will be slightly different based on the region you live in. For example, the u201clegal stuffu201d in this article specifically focuses on the US.<br>
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Many of us dream of starting our own business. When looking around, it’s tempting to think, “Hey, anyone can do this!” But it’s important to remember that there’s a difference between merely starting a business on paper and setting yourself up for success. Done correctly, it takes careful planning, investment, and motivation. Going in blind and starting a business without knowing what you’re getting into can lead to costly failure. In this article, we’ll attempt to take as much of the guesswork out of the process as possible by showing you how to start a business in 13 general steps. Some of these steps will be slightly different based on the region you live in. For example, the “legal stuff” in this article specifically focuses on the US. That said, no matter where you reside, we recommend checking with a local lawyer and your local government to determine any legal requirements for starting a business in your area. Nothing in this article should be considered legal advice. With that caveat out of the way, let’s talk about what you need to do to not only start your business but set yourself up for success! 1. Start with You Don’t just jump in. Make sure you have what it takes to run your own business. Don’t limit yourself, but evaluate yourself to know who you’re dealing with. Know your strengths, weaknesses, likes, dislikes, tastes, and interests. Know your skills, passions, the lifestyle you’re after, how much you can spend, how much you can afford to risk, and the types of work you want to do. Not everyone can be their own boss. It takes motivation and discipline to see the project through and it’s difficult to stick with something you don’t like. It’s okay if you don’t know much about business itself at first. Take courses if you need to. The important thing is that you’re completely invested in (and a good fit for) the work required for the business you choose to create. 2. The Business Idea It pays to spend some time on the business idea. Here are a few things to ponder: Maybe you have a better solution to an annoying problem. What problems can you solve?
Look at what’s coming soon in various industries such as technology, health, entertainment, etc. Ask how it will change life or business in general and what you can do to position yourself (and your business) to capitalize on that change. How can you apply your skills to a different industry? For example, do you have a unique skill set or way of thinking learned in one industry that has yet to be applied to another? Perhaps there’s opportunity there? Can you provide something better or cheaper than it’s currently being provided? Can you provide something to a location that doesn’t have access to it?