1. Come up with your idea. The first thing you need is a problem that you’re passionate about solving. Then build a business on top of that solution.
2.Google your business idea. To find other people and businesses doing what you want to do. Write down those keywords because that’s how people will find your business. Question why it hasn’t been done before. If you can’t find anyone, you have a first-mover advantage. But you need to ask yourself why no one else is doing it. Find the answer to that question before you move forward.
3. Fly solo or recruit a team. It’s best to start by yourself. But if you need a team, you’ll have to compensate them fairly with ownership in the company. Then set roles and expectations for those roles.
4. Determine the problem you’re solving. This is the most important thing to know about your business. Everything you do from here on out will work towards solving this problem. Figure out exactly what you’re selling. You’re getting paid for your product or service, but that’s not what you’re selling. You need to sell the benefits to what you’re offering. Sell them on how you can solve their problem.
5. Research your service or develop your product. Find out how other companies are providing their product or service. Learn from their business and everything that they’re doing. Then replicate their success.
6. Calculate your startup costs. You need to know exactly how much you need to get started. Once you have a number written down, double it. You will have unexpected expenses.
7. Settle on your pricing. One way to price is to determine your total costs per unit. Then simply mark it up. A better way to price is to figure out the real value to your customers and price it accordingly.
8. Select a niche target market. The smaller your target market, the more easily you’ll be able to find and reach them. Choose the absolute best customer and only appeal to that type of person.
9. Name your company & Establish a brand. name your company and establish a brand, get a logo and company colors. You also need a business cards.
10. Attend a local entrepreneurship networking event. The first group of people that you should meet is your local entrepreneurs. These people will introduce you to other important people in the business community. Find a local entrepreneurship networking event on Meetup. Choose the best way to contact potential customers.
11. Advertise to your potential customers. You can meet your potential customer on social media platform, face to face, phone calls, emails, direct mail, posters or flyers.
source: 14clicks.com
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