Skip to main content
3 answers
Asked Viewed 789 times Translate

How do I start a business?

I want to start a business and I don't know where to start. business career teacher dancing

+25 Karma if successful
From: You
To: Friend
Subject: Career question for you

100% of 3 Pros
100% of 2 Students

3 answers

Updated Translate

Ryan’s Answer

In order to start a business, the first thing you'll need to do is figure out what problem you are trying to solve. Every business makes money by solving a problem that their customers have. So if you're opening a restaurant, you're selling food to hungry people. If it's a smartphone app, you're hopefully solving a problem that smartphone owners have. By finding a problem that you'd like to solve, you can identify what you want to start your business around.

The next step would be to figure out what skills would be needed to make this business a reality. Do you need to know anything particular for that industry? Are you going to need a business partner to help you figure things out?

The third step would be to start talking to people in the industry you're looking to enter to find out as much you can about it.

Only then would I start looking at the steps to forming a business (incorporation, hiring people, selling products, marketing, etc.)

There are many more steps, some of which will be very specific to the industry you want to start a business in. There are tons of books and websites and people to help out with each of these steps. It can be very tough to start a business, but a lot of people loving doing it. Best of luck!

100% of 1 Pros
100% of 1 Students
Updated Translate

Subbaiah’s Answer

There are no limits on who can become a great entrepreneur. However, there are things that every business needs to do to get off the ground. So, here are the ten key steps you need to take to start your own business.

1) Write a business idea and plan accordingly.
2) Review the legal requirements to start a business.
3) Determine your business legal structure.
4) Register your business name.
5) Understand small business tax requirements.
6) Create a customer acquisition strategy for your business.
7) Market the business.
8) Sell your products and services.
9) Ensure customers happiness.
10) Fund your business and grow.

Starting a business involves a whole lot of moving pieces. Here's just an overview of what you'll need to do to start a successful business.
Updated Translate

Danitra’s Answer

Conduct market research
Fund your business
Choose a business structure
Choose your business name
Get federal and state tax IDs
Open a business bank account