I want to start a small business, how can i start it?

Answer 1

Write up a Business Plan

Look for Investors, or Business Partners, or get your Capital together if you are Sole Proprietor.

Get the City Liscenses

Find a Storefront

Stock it with inventory

Hire Staff Workers

Advertise "Grand Opening"

Open

Answer 2

1. Define your business first. What do you want to do? Make a list of possible businesses you can develop based on your know how, skills, interests and opportunities and write the pros and cons of each. Clarify your business model. Dan Ramsey in his book "101 Best Home Businesses" has a chapter on how to find YOUR best business. He suggests these 10 steps:

a. List 5 things you do best
b. List how others would benefit from what you do best
c. Find out how to give people what they want
d. Learn the value of your services to others
e. Find out who else offers similar services
f. Learn from the successes of others
g. Learn from the failures of others
h. Plan your own success
i. Make low cost mistakes
j. Enjoy what you do and how you do it

2. Check the feasibility of the business idea.

3. Once you've determined exactly what business to start, research about the business -- how much will it take you to start the business, what do you need, who are doing it, who is your target market, how are you going to reach your market. This is your business plan. It is best to put it in writing, especially if you will be seeking loans or investors as they will require a business plan

4. Find out how much the business will cost and where you can get the money. If your resources are not enough, where will you get money? Can you get money elsewhere? If you really cannot raise the funds you need, are you willing to downscale the idea?

5. Decide if this is a business that can be done alone by you, or whether you will need a partner or you will hire employees. Aside from you, who else will be involved in the business?

6. Once you find out that you can really raise the capital you need and the personnel requirements, setup your business. Decide if you want to be a sole proprietor, partnership, LLC, S or C corporation.

7. Go to your local county to find out the steps for business registration, assumed name or DBA, and whether the business will require a license or not. Or check the Web for information on starting a business in your state, specifically from your state or local government websites. Then complete all legal and regulatory requirements.

8. Start the process of setting up the business. If this is a website, then start thinking of its contents, who will design the site, who will manage the site. If this is a restaurant, start looking for location. If this is a recipe book, start contacting agents and publishers or look into the option of self publishing.

9. Set up your office, whether at home or if you will lease an office space. Purchase the equipment you need.

10. Start developing your marketing materials such as business cards, brochures, flyers.

Answer 3

Most business fail because of lack of research and starting the business before the owner is really ready to start. If you have done your research you will find the right format for your business. If you do not know where to start then you need to hire a consultant to aid you in the THE MOST IMPORTANT PART OF EVERY BUSINESS THE BUSINESS PLAN (THIS IS THE BUSINESS FOUNDATION). If you are looking for a consultant I may be able to help, feel free to contact me. Since starting a small business is different for every state you can start at you local library.

Answer 4

depends on the kind of business you want to start. Write up a business plan and look for suppliers- write up a money spreadsheet of how much you'll need and add about 1 K to it for anything you miss or if business doesn't pick up right then .

Answer 5

Don't forget about buying an already existing business. You can get a loan to buy one and they're usually not that expensive ($150 to 400k) for a mom & pop operation.

Established businesses have far less risk than new ones. Just a thought.

Answer 6

Go 2 college and get a good degree then get a business

Answer 7

There's just tons and tons of good information from the Small Business Administration. You should check out their site: www.sba.org!

Answer 8

first make sure you have enough money and if you don't get a loan from the bank. Then buy a store or a website or whatever kind of business you want.

Answer 9

Starting your own business is the best thing you can do. The company I am with it cost around $150.00 to start your own business. You can make your own hours and be your own boss.

Answer 10

doing what?
you'll need to write up a business plan, and present it to people so they will give you the money you need to get on your feet.