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how can I my own business as beginner?

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Bella’s Answer

Hi Akua! Starting your own business can seem intimidating and overwhelming but there are so many resources out there to help support you in getting started. Some questions to ask yourself:

1. Why do I want to start a business? Why now?
2. Am I motivated and discipline?
3. Can this business make me money now and in the future?
4. What problem does my business solve?
5. Who is my target audience?
6. Identify competitors and determine what will make my business stand out from theirs
7. How will I price my product/service?
8. How will I market my product/service?
9. What resources will I need?
10. Am I ready to start to the process?

Additional resources linked below:

Start Your Own Business from Small Business Administration (SBA): https://www.usa.gov/start-business

Local SBA partner organizations offering free access to mentors and trainers: https://www.sba.gov/local-assistance/find
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Rebecca’s Answer

Firstly, you may need to think about what industry you are interested on. It would be something you have interest on. You also have to do some analysis on the industry, e.g. you may consider the entry barrier, competition status, any substitutes, etc. You can shortlist a few industries.
Then, you may choose the relevant subjects in the college as your major and management/finance/accounting courses as your minor. Alternatively, you can consider to take a MBA course after your bachelor course.
I also suggest you could explore any opportunities to work as an intern or some time in industry after the graduation. It helps you to under the the business model of the industry.
If feasible, you can start your business online since it could lower your startup cost.
Hope this helps! Good Luck!
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Mike’s Answer

Building on Bella's answer, building your own business can be an incredible learning experience, but it will also come with a lot of bumps in the road. It's a hard grind to build up a successful business, but the sense of accomplishment and ownership is exceptionally rewarding.

One thing that can really help is building up a network of people who can help give you advice, point you in the right direction, and support you on your entrepreneurial journey. A couple of places to start building your network:

- Family friends
- Your local Chamber of Commerce
- Local businesses that are similar to what you want to build

Finally, prioritise reading widely about business, especially where it relates directly to your stage of company. Whilst there might be some good insights from reading about how Google works, it's not going to be particularly applicable early on. Listen to podcasts like "How I Built This" to understand what the journey may look like for you.
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