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How do I start my first business?

Where and how would I start my own business?

business entrepreneur business-development
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Rebecca’s Answer

Thank you for your question. I am glad to hear that you would like to an entrepreneur. Have you thought about what industry you would like to start your business?
Below is my suggestions :
1. Think about your interest, your hobbies, etc. that may the industry you would like to start your business
2. Take the relevant subjects in the college and have management/business as your minor
3. Explore any intern opportunities to work in the industry while you are in the college
4. Suggest you can work some time in the industry after your college graduation to understand the business model and establish the network
5. If possible, start the business online first
Hope this helps! Good Luck!
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Tina Q.’s Answer

Start by deciding what it is you enjoy doing and how you can turn that into a business. What’s your talent, skills etc.

Then fill out your proper documentation for your state to start either an LLC, or other business format. You could also take some classes in entrepreneurship. Those don’t typically require a full college program to complete. Look into certificates or mentorships in your area. Perhaps a book on how to become an entrepreneur.
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Leah’s Answer

You can start an LLC, create a website, create a social media presence and invest in some SEO/SEM/social advertising. I successfully ran my own LLC for 8 years with 6 figures revenue annually. Feel free to ask me more questions.
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Katherine’s Answer

Hey, so two good resources I know of that would give you some really great general ideas of the scope and direction for running a business are the book Entreleadership by Dave Ramsey, and Starting and Growing My Business (which you can read here:
https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/2017/14678_sgmb_book_eng.pdf?lang=eng).
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PRASANJIT’s Answer

1)Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business.
2)Write your business plan
3)Fund your business
4)Pick your business location
5)Choose a business structure
6)Choose your business name
7)Register your business.
8)Get federal and state tax IDs.
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