6 Steps To Start A Great Business

2013-12-09 18:19

Many people dream of finding financial freedom and becoming their own boss by starting a business. But many people are not quite sure how to do that. In this article, we will go through the six crucial steps of starting a great business. Before we start, here is a video overview on how to start a business.

http://youtu.be/goGyLtvKNeA

If you would like to get more similar videos, you are welcome to subscribe to my YouTube channel. It is free and I post many video tutorials on various aspects of starting a business.

Get business ideas

First thing is first. You can’t start a business without having a business idea. The business idea does not have to be innovative. In fact, it can be a common business like a handyman or a roofer. The most important part of choosing a business idea is that the business idea you ultimately choose is the right one for you. That means that your business idea can take advantage of your passions, experiences, knowledge, etc. It also means that the business idea has the potential to become big enough to help you achieve your financial goals. Here is a video tutorial on how to choose business ideas:

http://youtu.be/rsQBryny_RE

Write a business plan for the business

Once you come up with a business idea that you like, you have to plan all its aspects. You have to understand how all of your company’s different components (the product, sales, promotion, revenue model, etc) work well together. That is your business model. Here is a video tutorial on what exactly s a business model.

http://youtu.be/dsUz6lfXCkE

Once you understand your business model, coincidentally, that is also the bulk of your business plan. Take a look at this video tutorial about what is a business plan and how to write a business plan.

http://youtu.be/pTKvgsUrLGE

Further testing of whether the business idea is good

Writing a business plan (and your business model) on paper is a good way to determine whether your business idea is a good one because it will help you see the bigger picture of the business idea more clearly.

The challenge with determining whether a business idea is a good one for you, is that it is difficult to do so objectively by yourself. As entrepreneurs, we get excited about our business ideas, and that excitement can be blinding. And that is dangerous because if you begin heading down an incorrect path, it can be costly to you and take months if not years of wasted effort. Here is a tutorial on how to get feedback about your business ideas so that you lower the risk of pursuing a business idea that is not so good.

http://youtu.be/w_QPnWXYE_c

But before you go out and gather feedback on your business ideas, here is a tutorial for how to pitch your business idea effectively so that it is clear. That way you will get the most helpful feedback. The reason this is important is that entrepreneurs often have difficulty communicating what exactly their idea is because the idea is quite new. And that can confuse the people whom you are asking for advice. And if they are confused, they can't help you. So make sure you can explain your business idea very clearly and concisely.

http://youtu.be/m8F6kVEUqIE

Register the business

Depending on the country and region in which you are based, there are different laws and regulations for how to register the business and the name. That is something that you should research locally. Often, it is also good to consult with an attorney so that they can explain various tax, ownership, and liability nuances that are associated with starting your business in the area where you are based. Laws vary not only from country to country but in region within a country.

Create a website

Once you are set to get started with your business, you will need to create a website. A website will help you promote your business and let people learn more about your business when you are in the middle of a sales process. But your website should be the same as your business name. So first, come up with a business name, and then a website. And make sure that a domain name is available to match the business name you choose. Here is a tutorial for how to come up with a name for your business.

http://youtu.be/g-2jsRnjAY8

And here is a tutorial for how to choose a website domain name.

http://youtu.be/uYhtFnxWlhk

And here is a tutorial for how to create a website on your own, for nearly free.

Promote the business

Once you start with your business idea, and create a website, you are ready to begin promoting your business to get clients. Many small business owners struggle with marketing. Here is a video tutorial that takes three different perspectives on what marketing really is.

http://youtu.be/G7cEyoYfvKg

For small business owners, marketing is first and foremost how they promote their business in order to get clients. If you are looking to learn how to promote your business, here is a playlist of 50 videos and over 9 hours of footage on nearly every possible marketing strategy there can be.

How To Get Help To Start Your Business

After posting articles on 24.com I tend to get many emails from people asking for business help. While I try to help as many people as possible, it is difficult for me to help everyone who needs help. So I encourage people to use my free resources such as subscribing to my YouTube channel or my business apps. Here is an article where I explain how my Android apps help people start a business.

And here is an article explaining how to get very hands on help where I can devote time to really help you with your business as a business coach.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

AB praises selfless skipper

2010-11-21 18:15

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.