Look for a Good Business Idea

A good business idea isn't just profitable. It's one about which you're enthusiastic. You'll be in business for a long time, so choose something you can live and breathe.

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Make a Business Plan

The foundation of your company is your business plan. It's a step-by-step guide to setting up, running, and growing your new company.

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Examining your Weaknesses and Strengths

A company's future objectives and strategies should be built around its strengths while downplaying its weaknesses to succeed in a changing market.

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Choose a Market Niche

It can be costly and ineffective to try to market your product or service to everyone. Your marketing efforts will be more focused if you group or segment your potential customers based on specific characteristics.

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Examine your Financial Situation

Focus on funding your business and having enough cash to start and sustain it for at least a year once the business plan is complete.