The WHY of How To Start a Business

How to Start a Business is a big question asked by a lot of people. Why? Well, it is because a lot of people have aspirations of running their own business. It may have been something they wanted to do since childhood, or perhaps something they were exposed to in school, or an idea that came to them while working for someone else. Whatever the reason, starting a business is a lofty goal and knowing how to start a business is the foundation.

There are three basic philosophical questions to answer before starting a business. Of course, these questions are broken down into many other smaller questions, but for our purposes here, we will discuss the basics. They are:

1. The Operation

2. The Motivation

3. The Culmination

First, the Operation. The obvious and most basic question starts here. What is the business? This may seem elemental, but really, it is the most important question. Many people have a plan to start a business. Some want to start a business because the business makes lot of money. Others want to start a business because the business is something they love.

These may appear to be good answers to the first question, but in truth, they are not. Not at all. Why? Because making money is a benefit but doesn’t necessarily give you a life. Doing something you love is a benefit but won’t necessarily give you income. The answer to this most basic question must be something which encompasses both.

Making money in a business that is boring and monotonous is a mistake millions have made. A life of making money in something you have no concern for or even despise will make a bitter person out of you. So you may have money, but if you cannot enjoy the making of it, where is the benefit?

Running a business for a product or service about which you are imbued with passion but can barely pay the bills is an exercise in futility. Ever known someone who did this? I have. They struggle to remain in a business simply because they like the doing of it. These people have confused a business with a hobby. One makes money; the other is for kicks.

The right answer to this most basic question is a business for which you really care or enjoy, and has potential of making good money. If it has both these qualities, it may be the right choice.

The second question in the quest to find how to start a business is the Motivation. What is the motivation for your venture?

In other words, if you had to summarize why you are taking on debt, working endlessly, depriving yourself of free time, and bearing substantial responsibility, what would the answer be? This most crucial step is one which cannot be ignored. Assuming you love the subject, and the business had a track record of money-making opportunities, if you can address the why of your venture you have answered many, many potential questions that will surface down the road.

Do you wish to change something about your world? How about your specific industry? Does the business provide for the particular needs of a specific group of people for which you deeply care? Does it better the lives of people, or does it increase the effectiveness of people?

Whatever the motivation, it needs to be something about which you feel you were created for. It must be “you” to the core. This concept runs far deeper than merely enjoying the subject of your business. It is more about the inner motivation which drives you onward. It is the essence of what the business is about.

If the business you are contemplating is something you enjoy, something that makes money, and something which fills your heart and mind with ideas and plans about how it can impact the world, it just may be the right choice for you.

But there is one more thing to consider.

The Culmination.

The culmination of your business is the peak, the highest point, the “future” of your business. Put into a question, it is: where is the business going?

Someone may love the newspaper industry. They may love to write and edit. They may love to cover current news and tell stories. They may even work in an area of high newspaper subscriptions. But one who would consider starting a newspaper today is most likely ignoring the culmination step.

It doesn’t take a research team to figure out where the newspaper industry is going. It’s not up. It’s away.

For someone starting a newspaper franchise 4 decades ago, the future was bright and that person could make a lot of money if done right. But not so anymore. It might have been a wise goal at some time in the past; today it most likely a trip to failure.

So a substantial consideration in the quest for the perfect business involves looking to the future of the business, and asking the simple question: where is the industry going? While no one can see the future or know if a certain industry will still be here in the days ahead, we can make educated guesses that will greatly influence our profitability.

Some businesses never seem to fade or expire or lose their appeal. And others never seem to last more than a decade. Yet most businesses have a “peak”. They have a period during which they will produce more and have more impact than at any other time.

It is your job to determine with some certainty when that time is. Is it in five years, is it two decades, or is it impossible to know?

If you can take these most basic and fundamental steps and answer these questions with clarity, you will have likely saved yourself time and money and heartache in your search for the perfect business. Knowing how to start a business begins here. And after these first elemental steps are complete, it is then time to move into the more specific questions of tax implications, business entity structures, and other such considerations.

Rhett Kniep is a licensed real estate business broker and building contractor. For over a decade he has successfully worked in the real estate investment business, buying and rehabbing and selling investment homes, commercial real estate, and businesses. He enjoys sharing his learned insights in business sales and development with others.

How to Start a Business

Owning your own business is a goal that many people dream of, but not everyone realizes this dream. In order to make your dream come true you must a plan. This plan will lay out the steps you need to make your business a success. Many small businesses fail for lack of planning and resources. Use these tips to start a business and follow your dream.

Write a Business Plan

A business plan is the first place to start. In your business plan you need to state the nature of your business, a company description, organization and management structure, marketing plans, your target audience, and a budget. Depending on your business you plan may contain more items; each one is different because each business is different and has different goals.

Get Training

The Small Business Association has free training seminars you can attend if this is your first time starting a business. Their courses cover all aspects on how to start a business. If you’ve never had any financial training you may want to consider taking accounting or bookkeeping classes. These classes will give you a deeper understanding about the financial structure of your business and how to keep accurate records.

Location is Important

If you are going to start a business and have a physical storefront you need to give location a lot of thought and research. Scout out locations in your town and talk to other business owners in the area. Ask them about the traffic flow, if the area is safe, and if they would rebuild there again. Enlist the services of a commercial real estate agent. They will help you navigate the complicated process of purchasing commercial property, or find the perfect location for building your storefront.

Research Financing Options

You have several options to explore when you start a business. The Small Business Association offers loans at competitive rates, and they have several types of loans and loan structures set up to help people start a small business. Banks are an obvious choice, but you may want to explore venture capital, personal loans, and grants.

Obtain the Proper Licenses

In order to do business you will need to register your business’ name with your state. This is known as “doing business as” or DBA license. You must get a tax identification number from the IRS, and register for any state or local taxes. You will also need to get any local and state business license and permits.

Hire Your Crew

As an employer you have certain legal responsibilities to your employees and to the government. Contact OSHA to find out the safety concerns pertinent to your business, and get an employer identification number so that you can file taxes. Don’t forget to deal with the three types of withholding taxes; federal, state, and social security. Keep excellent records so that when it comes time to file your quarterly taxes you will be ready.

How to Start a Laundry Service Business

Laundry, something that each one of us had to do at some point. Doing laundry is no rocket science. It’s simpler than driving your car. And laundry as a business is an easy to start business with less investment and effort. You can start a laundry service at the cheapest place available or even your home, rent-free. A laundry service business includes both home-based laundry and dry cleaning services. It is completely up to you to choose the correct type of service you can afford and are good at.

Listed below are few steps you should follow when starting a laundry service business.

Make a business plan: This is one crucial step to decide on before you start with your laundry service business. Like said before, laundry service can include both home based laundry and dry cleaning. Decide on the type of service you will be providing. Will you providing pickup and delivery services? Do you have the necessary equipment and space or will you have to rent a place? Decide on the number of employees you are looking to hire. Figure out your marketing plans and the target audience. Include every move you will make and forecast every expenditure and income down to a penny.

Collect the capital: With your business plan in place you can now start collecting the money in your pocket. This is money that you can invest in your business venture. Though your personal savings might cover most of your expenses, there may be cases where you will have to obtain money from a third party. Obtaining a bank loan, lending money from potential customers and borrowing money from friends and family are most common methods. If you plan on starting the business with a partner, you are looking at spending only half of your planned budget. Do consider this option when your personal savings alone do not cover your expenses.

Find and rent perfect location: When planning on running your laundry service business from home deciding on a location isn’t your concern. You will just have to move your furniture around and make enough space for your laundry equipment. In case you are looking at options of having a separate place to run your business, make sure you select the perfect place available. Your place should be easily accessible to all possible client locations and should fit your budget. Conclude on a place that has less competition and considerable population.

Equipment: A home based laundry service may not need more than three or four machines whereas a service at a separate location would need quite a number of washers, driers carts etc., with reference to your budget, decide on the number of machines you can afford and buy accordingly. Refer online for deals on bulk orders and if you can get your hands on used equipment in good condition, never let go of the deal. And if you decide on offering pickup and delivery services too, purchase the perfect vehicle that fits the purpose.

Obtain the necessary license and registration: Running any legal business requires a license from the concerned government department. And a license requires permits from various departments such as the pollution control, sewage control, fire department etc. Meet up with the officials and get to know the government regulations.

Advertise your business: You might have the equipment and system to provide the best laundry service in town. But to generate sufficient income to keep your business running, people should be aware of your business in town. Marketing is a very important step in any business plan. Deduce cost efficient ways in marketing your business and make sure your marketing plans work out. Offering special discounts or deals, organizing events adding a few snack vending machines are ways to make people interested in being your customers. Social media is one cheap and cost effective way to market your business. Check out Social media Marketing plans and figure out ways to market your business in a fruitful cost-effective way.

How To Start A Business With Absolutely

One popular belief is that you need tons of experience, expertise, and knowledge to start a business. The opposite is true. While it helps to go to school and learn the tricks of the trade, it does not necessarily mean that you cannot start a business because you do not have a degree. The important things to remember are, you need to research, ask the right questions, and get the best advice you can.

What are the right questions to ask? Below are ten questions to ask to get you started. Of course there will be many more as you go, but at least you have something to start with. First, you should ask yourself, how do you start a business without experience? Next is, what are some things you need to do to get started? The third question is, what are the legal matters you must know in order to get started? Fourth, what do you need to know about your target audience?

Moving forward, five is, how do you commit yourself to a market solution, not just a small idea? Number six is, how do you choose your industry wisely? Seven asks how do you build street credibility (also what is it)? Eight is what free resources can you rely on? Nine is when will you know you need to see outside help? Last but not least, number ten is how do you put your strengths to work? Below I go more into detail with these questions.

How To Start A Business Without Experience?

Think about what you already know about business. Use your work experience as a guide. Maybe there are things you have witnessed or realized that was not part of your daily tasks which you can use for your business. For instance, have you ever listened to what others are saying while you are at the office? Whether you listen to coworkers or supervisors talking at work, there is most likely some bits about doing business that you have picked up on.

You may not even be aware of some things you learned about doing business. Maybe you have heard complaints about what went wrong in the workplace – something you may have a solution for. Or maybe you heard someone say, “I wish ‘it’ can be done this way”; even though “it” can be done their way, they may have been told they weren’t allowed to.

What are some things you need to do to get started?

Research is the most important thing to do. First, ask the right questions. This is all part of the research process. You may research questions you need to have answers for if you do not know what questions to ask. It is okay to search on Google or Bing and quickly search for important questions to ask when starting a business.

There are many resources on the Internet or your local library that you can use to get started. Make certain your sources are reliable however. If you are reading an article and you can sense the information is totally outrageous, then you can come to a quick conclusion that it is probably not the right source to use.

When reading any article, however, make a note of the different points it makes. Whatever is clear and understandable is fine, but whatever you do not understand, take that point and do more research on it. See if what was written was also said by somewhere else. Sometimes having a few people say the same or similar things can give you an indication the information may be something worth keeping in mind.

Another thing you will need to get started is legal advice. Never assume that what you learned where you work or what you think is okay is legal. Start off on the right foot and do business according to the law. You want to avoid being that person who did something illegal and now has a reputation as such plastered all over the World Wide Web.

What are the legal matters you must know in order to get started?

It is impossible to know everything about the law. Speak to a lawyer if they give free consultations and ask them what you should know. Ethics play a role here too. There are many gray areas which are prevalent in ethics. For instance, what do you tell a customer if you promised them a shipment by a certain date even though you already knew there is a possibility it cannot be fulfilled? You already promised it, but you know it may not happen.

If you say you are going to do something, you need to do it. That is the bottom line. Give your customers quality products in a timely manner. Do not always rush to get the job done. Sometimes there are moments when you have to rush, but don’t let it happen if it is not necessary. For the most part, the only time you will need to rush is when the customer requests it.

What do you need to know about your target audience?

What are their interests? Do some research and see if there are any typical or general interests the target audience has. If you already know them or know their interests, then you are ahead of the game. Of course, since you are the expert in your niche, or should be, you will know a lot about their interests already.

You can do some research on social media to find out what their interests are as well. Facebook has groups and so does Twitter. Find a group related to your niche and observe it to see what people are talking about. Use this as advice on what types of products or services to market as well.

The best advice for using social media groups to learn more about your target audience is not to join any group and post on there asking all kinds of questions. For instance, you don’t want to join a group and then ask everyone to give their opinion about their favorite game, or gadget. Just observe first, and then engage in the conversation as you would with a friend. Get to know people first, and then ask them questions here and there. It is all about patience.

How do you commit yourself to a market solution, not just a small idea?

You need to ask yourself certain questions before trying an idea to see if it works. What problems does your target market have? Once you can pinpoint the problem, then you can look for solutions. Most likely, you will not find any market without faults. There are plenty of problems that need to be resolved. Even the competition cannot resolve every issue out there.

Many entrepreneurs begin with a lot of “strong domain” experience but little to no business experience. Being in business is about finding solutions. That is what sets the strong businesses apart from the others. You do not want to sell just anything because you observe that it makes someone else nice profits.

You have to have a passion about it for one thing, and you want to give them something that will resolve an issue they may have. This issue can be from something they bought somewhere else, or it can be an issue they have had for a period of time and need a solution for it. There may not even be a problem, so it may just come down to differentiating your product from the rest.

How do you choose your industry wisely?

Choose something that does not just interest your target market. You should have an interest in it too. More than just a little interest, you need to like the products or services that are out there in the market. If you do not like the products or services the market has to offer, how will you feel when you are doing business with the people who are interested in them?

I would say you would not seem too enthusiastic to your customers and potential customers. People will pick up on that and it can break the business relationships you worked so hard to make. So please do yourself a favor and do not get wrapped up in an industry that you do not have an utmost passion about.

How do you build street credibility (cred for short)?

You need to let people know who you are. This pertains to building relationships with your customers, and since you are new with the business, you will build relationships with potential customers. Spend some time before launching your big business idea learning more about your industry and the people who spend money there.

You can always try selling other people’s products first – as an affiliate marketer and learn something new about the products you sell them. When you have enough knowledge and you are talking about the product online (such as on your blog), this will help build street credibility as the people who read it will feel you know what you are talking about.

What free resources can you rely on?

Networking is a great free resource. Talking to others in the industry and learning new things about it will be to your advantage. You should also ask for advice. Before you jump right in and start asking for advice however, break the ice with some small talk first. Get to know some people before asking a lot of business questions.

In fact, you can treat this more like a social outing because you do not want to only try to get information from people. This may actually turn them off and they will not want to give you any information.

Other than networking, you can also consider resources that are low cost instead of free. Sometimes Universities offer free or low cost coursework, books, or seminars. I would definitely look into this if you were not sure how to network. Here is where you can ask a bunch of questions because that is what is encouraged at school.

When will you know you need to seek outside help?

As you should realize, you will need a business plan. When creating your business plan, it is always best to ask for help with it. For example, a gentleman named Evan Solida founded a company called Cerevellum back in early 2009. His invention was a digital rear-view mirror for bicycles.

Naturally, Mr. Solida wanted to save money any way he could, so he used Internet resources to create his plan and also draft his legal documents. With much frustration and use of a lot of his time, he then decided it would be better to pay for a professional to help with both tasks.

The business plan needs to meet certain criteria; especially if this is a business you need a grant for or a small loan. Banks and agencies that approve grants want to see a solid plan before they take the risk to lend or give you money. It is the same thing when you or anyone else will invest in a company. You want to see their annual report, which gives you this information and more.

You know that investing in any company is a risk, but you should not want to take too much of a risk. You also do not want to risk that your business plan is of poor quality. Not just for your customers’ sake, but for the future of your business. All the financials and marketing need to be taken care of from the start. Otherwise, you will need to back track and it will waste a lot of valuable time which you could be spending making money.

How do you put your strengths to work?

Think about what your strengths really are. Is it planning the business, giving creative ideas, or being the solutions finder? Maybe your strength is marketing, but whatever your strengths are, put them to work for you. Work on the strengths first and when you have mastered one, then you can move on to another. Otherwise, it will take you much longer to get things running smoothly.

Putting a business together takes time and patience. Do not try to put it together too quickly. You want to be focused and organized, as this will help you to be “well planned.” A business with a strong plan is more likely to succeed than something you just threw together in an hour.

For your Information

Now you know at least ten questions to ask. These questions were given to you for basic information and a foundation to get started. Now I want to give you some ideas as to what goes into a business plan. This is so you know what to expect and you can at least try and draft one on your own. Remember, it is best to get a professional to do this for you, but you still need to know what goes into it so you know if the one written for you has everything it should.

Below I am going to list different sections of the business plan and explain a little but about each section. The more you know about the business plan, the better prepared you will be. Remember, if you want to start a business without experience, this is where you can learn much of the information you will need to get started. So let us move forward.

Not all business plans are created equal, but you will at least have basic information to include. Once you begin your plan, it will change over time and also remember; you will not know everything that needs to be included as to why I suggest getting a professional to help with it. Below are some sections you will want to include.

Executive Summary

The executive summary will tell the person reading the plan what you want for your business. A big mistake often made is burying this information somewhere else in the plan. The summary needs to explain certain things from the start so you need to be clear and concise in the very beginning.

Keep the summary short and businesslike and no more than half of a page. Depending on how complicated or detailed you need to be about how you will use your funds may make the summary a bit longer. As a general rule of thumb however, and since you are just starting out, you only need your summary to be half of a page.

There are some other key elements that need to be included in the plan. They are as follows: business concept, financial features, financial requirements, current business position, and major achievements. These are not the ones I will focus on too much, but just something to keep in mind.

Business Description

Not to be confused with the executive summary, you usually begin this section with a short description of the industry. So this is not really beginning with just your business, but rather how the industry plays a role in your business.

You will want to describe the industry and discuss the outlook and future possibilities of what will go on. This is all gathered from what happened in the past, so it is a prediction of what could happen or is most likely to happen because of business trends. Also, provide information about all the various markets within the industry.

So what you want to talk about is new products and developments that will benefit or affect your business in a positive way. Make sure to get the most reliable data for this part and always list your sources. I’ll talk more about sources later in this article, as they are important, but I want the focus to be on the different sections of the plan first.

How you will Profit

The main reason for having a business is to make a profit. All businesspersons need to ask themselves, “How do I make money?” When you ask this question, it should open your mind and help you realize the different ways to bring in income. You do not need a huge section just on this topic, but you want to explain factors, which you think will make you successful in making money.

Before presenting the business plan, you want to explain any equity and debt the business will incur and also explain how this will help make your business more profitable. Also include ways you want to expand your business or make it grow using the equity or debt. As an Internet marketer, you probably will not incur much debt or any at all. It depends solely on what you need to get started.

Defining your Market Strategies

Marketing strategies are based on a thorough study of the market. This will help you become very familiar with all parts of the market, including the target market. Defining whom your target market is will be very important so you can earn your share of the sales.

When you are defining your market strategies, you will need to, at some point, determine the pricing of your products and or services. A market analysis will help you to determine the pricing. It is also important to know how you compare to your competition and if you can beat them in pricing or not.

Market Share Projection

As mentioned earlier, when you are describing your industry of choice, you want to discuss the outlook and future possibilities. This information will be gathered on past happenings. So your projections are based on what happened previously in the industry.

Believe it or not, your market share projection is also based on your competition as well as promotional strategies. You can look at how much advertising is done, how it is done, and also research how much it will cost you to advertise the same way. You can always come up with different ways to advertise, but you need a benchmark to start out from.

Position of the Business

When talking about your marketing strategy, you will find it is impossible not to talk about the position of your business. What motivates your target and what they require will affect your company’s position in the market. Again, there are more questions that need to be asked and answered to understand this better.

A few questions to ask are: how are your competitors positioning themselves? What specific attributes do your products and services have that the competition does not have? What needs does your product fulfill for the customer? After you answer these basic questions, you can then begin to develop your business’ position in the market and write about it on the plan.

Pricing

I’ve touched a little about pricing earlier, but now I want to give you more detail about it. The price tag you place on your items, whether it is a product or service, will directly affect the success of your business. Strategies for pricing can be very complex, however, the rules are very basic and straightforward.

You must be able to cover costs, lowering costs will lower sales prices, and prices must reflect changes in the market and respond to the demand of your market. Prices must also be established to help assure sales. The longevity of your products, utility, and maintenance must be reviewed on a regular basis and adjust the prices according to the market.

Prices are used to keep the market in order, so this is the last, but not least important strategy to keep in mind when determining your prices. You do not want to just slap a price tag on something because you think people will buy it for the value of it. You have to be in competition with other businesses and play the game strategically.

Distribution

This part is for you, mainly if you are selling physical goods. Since there are many of you out there that may sell goods on eBay or your own website or blog, this is why I need to talk about this section. So what is distribution exactly? It is the entire process of when a product is manufactured to when it is in the hands of the end user – the customer. There are different channels that make up distribution.

Having a strong distribution of products definitely helps you get an edge in your share of the market. The fast the products can go from production to the customer the better. Make sure the products are of quality though because you do not want the customer constantly returning the goods.

Promotional Planning

Advertisements of any kind are all included in the promotional planning. How you distribute the communication about your business is also part of it. The way in which this is designed will result in attracting the right people to do business with.

Some other things that you may not be aware of that are part of promoting your business is how you package your products. Public relations are also included here. Most of the things you are familiar with are advertising, sales promotions, and personal sales. Each strategy is different in its own respect, but very important in the final outcome of the promotion.

Potential Sales

After thoroughly analyzing the market, you need to make a determination using a quantitative outlook, which concerns your own business’, potential. An initial projection in your plan must be formed based on the position of the product, price, distribution (for physical goods), sales strategies, and how the market is defined.

Competition Analysis

You first need to identify who your competition is. Gather a list of companies that sell the same products or ones that are very similar. For this section, you will make a statement of your business strategy and how it relates to your competition. The main purpose of this part is to pinpoint the strengths and weaknesses of your competition. Knowing this will only help you improve the weaknesses for your own sake.

S.W.O.T. Analysis

A S.W.O.T. analysis is very important for developing your business and keeps it running to its full potential. For those of you who are not familiar with what this is, “S” stands for strengths, “W” is for weaknesses, “O” is for opportunities, and “T” is for Threats. You not only need to learn about the strengths and weaknesses of your competition as you do with competitive analysis, but you also have to realize your own.

The opportunities and threats are more directly related to your competition. You can look at it as the opportunity you have in the midst of all the competition and what it is about your competition that can be a threat to your own place in the market.

Design Plan

Investors need a description of your company’s product design and also its development. Within the section, there needs to be a chart showing the development of the product or service. You will also need to include a budget showing how the company will reach goals.

Product and or Service Development Goals

If you are selling physical products, you will need to list the goals here. You can also list the strategies involved for reaching certain goals for a service business. Your goals should be centered on technical and marketing aspects of your products and or services. You need this as an outline for your business partners, or for yourself if you are a sole proprietor, so you know how to work on things to reach your goals.

Budget

Budgets are very important, as you want to make sure you have the funds available to do business in the first place. You also want to have a plan as you make money as to where the money will go in order to help your business grow and to continuously develop and improve it.

If you are designing a product, you need to account for all the costs that will be involved in creating the product, take it to production, and get it to the customer. As for service, you will need to make sure you have the money to get a business plan written, what equipment you may need to help you with your services, and if you need a brick and mortar building to cater to the needs of your clients.

Knowing how each dollar is being spent is very crucial. Proper planning can only help your business while poor planning is very destructive. I have learned that about half of all businesses started will fail within their first year. You can help avoid this with proper budgeting.

Risk Assessment

What risks are involved in either producing products or offering services? During the stages of development of your product or service there will be some risks you need to be aware of. Risks involved with the creation of products usually happen with the technical development of the product. For services, it is usually in the strategies for planning the types of services you offer.

Income Statement

This is a very simple and straightforward report, which shows your business’ cash generating abilities. It shows how well your company does in the financial spectrum and is a financial picture of when sales are made and when expenses occur. It helps you better plan for the future of your business as well.

The income statement is a multi-purpose report giving you a bigger picture of how your business is doing overall. Always use this as a guide from year to year and you will get an idea of what changes need to be made.

Other Sections

There are other sections that need to be written in the business plan. There is just no way to talk about all of them in detail here. I simply talked about some sections that I feel are very important to get started with. All the sections of the business plan play an important role in the overall planning of your business from start to finish.

Some other sections that were not mentioned above are as follows:

  • Procedures
  • Scheduling and Costs
  • Personnel
  • Operations and Management
  • And more

To find out everything you need in your plan, you have to talk to a professional and do a thorough research about it. You may not be able to include everything you want, and different business types require different information to be included in the plan.

Sources

You will need reliable sources to get the information for your business plan. Reliable sources do not include blogs or articles you found in article directories. You can use them to get some information, but you will need to research more on what they tell you. You should never list them as a source for your plan though.

Another source you can use to get basic information for this section is Wikipedia, but is should only be used as a base for the information. On sites like that, anyone can add and edit information so you are never sure how accurate it is, thus the reason not to list it as one of your sources.

Reliable sources are peer reviewed articles, information gathered from networking with other business professionals, and consulting a professional who has been in the business for a long time that can write your plan.

Checklist For Starting A Business With No Experience

Here is a checklist of the different things you will need to get started on your business in a box. The most important is the business plan because you need to know what goes into production and what you need to get your services up and running.

First, answer the following ten key questions:

  1. How do you start a business without experience?
  2. What are some things to do to get started?
  3. What are the legal matters you must know in order to get started?
  4. What do you need to know about your target audience?
  5. How do you commit yourself to a market solution not just a small idea?
  6. How do you choose your industry wisely?
  7. How do you build street credibility?
  8. What free resources can you rely on?
  9. When will you know you need to seek outside help?
  10. How do you put your strengths to work?

Also remember, the most important aspect to any business is to be well planned and prepared. The most important thing you can do for your business is to create a business plan. Ask yourself and answer these questions:

  • How do I write a business plan?
  • What are the sections to the plan?
  • How will each section help me?
  • Are all business plans created equal?
  • Where can I go to get a plan designed for me?
  • What else do I need to know?

Always be prepared as that is the most important thing to start a business. Think about how you learned to start a business with no experience by reading this article. If you read between the lines, all the information you need is out there. I have just gathered some information together to get you started. Nothing will happen instantly and everything you need to do will require some effort on your part.