3 answers

What do I have to do to own my own business ?

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3 answers

Jonathan’s Answer

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Hey KeOndra there are a lot of steps to starting a business but every business starts with a problem or need. A business is just a fancy solution to a problem. Businesses are successful when they do a really good job of solving a problem or fulfilling a need! If you are thinking of starting a business, a great way to begin is to think of some problems you observe in your life or the lives of people you know and come up with specific solutions to those problems.

Jonathan recommends the following next steps:

  • Come up with a list of problems
  • Talk to family and friends and see if they share those same problems.
  • Think of unique ways to solve those problems.
Thank you ! KeOndra R.
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Josiah’s Answer

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Owning your own business is an exciting thing as it combines something you enjoy with a need or want that other people have. Ideally, you want to find something that you really enjoy doing and then find a group of people or an area which would receive your services/products well. As a business owner, you are often providing more than a product, you are often providing an experience. Put yourself in your customer's shoes: what would make them really love your product and what would make your offering stand out from all the other competitors.

1. Find something you love
2. Find a need or want that people have that connects with your passion
3. Develop your product or service that meets your need
4. Begin investing in your brand - market your product and highlight its benefits, unique qualities and why it fits the customers need
5. Use platforms such as social media, referrals from other customers, and your good business reputation to grow your number of customers.
6. Invest in hard working trustworthy people to help you as you grow.

And very important as well, take time to invest your money where it is most needed. It's impossible to market a product if you spent all the money on the product development. It takes a balance to make it happen but when it does, it is awesome!
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Jonathan’s Answer

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You are welcome! Let me know if you have any other questions!

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