2 answers
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Palo Alto, California
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How do I start a business from zero to initial stability?
This is part of our professionals series
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2 answers
Katherine Avery
Run a music studio and teach private music lessons; teach college-level religion classes
186
Answers
Spanish Fork, Utah
Updated
Katherine’s Answer
Two decent sources that can be useful are Starting and Growing My Business (the workbook is here: https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/2017/14678_sgmb_book_eng.pdf) and the book Entreleadership by Dave Ramsey.
Hasan Mostaghimi
Chief Operating Officer
16
Answers
Sacramento, California
Updated
Hasan’s Answer
1. Develop Your Business Plan: Before you start a business, it is essential to develop a comprehensive business plan. This plan should include details such as the type of business you want to open, the target market, financial projections, and marketing strategies.
2. Find Financing: Next, you will need to find the necessary financing for your business. This could include loans, investments, grants, or crowdfunding.
3. Choose a Location: Decide where you want to locate your business. Consider factors such as the size of the space, the cost of rent, and the potential customer base.
4. Secure Permits and Licenses: Depending on the type of business you are opening, you may need to obtain certain permits and licenses.
5. Promote Your Business: Once you have opened your business, you will need to promote it. This could include advertising, social media, or even word of mouth.
6. Monitor Finances and Performance: Finally, you will need to monitor your finances and performance. This includes tracking sales, expenses, and profits. This information can help you make necessary adjustments to ensure your business remains profitable.
2. Find Financing: Next, you will need to find the necessary financing for your business. This could include loans, investments, grants, or crowdfunding.
3. Choose a Location: Decide where you want to locate your business. Consider factors such as the size of the space, the cost of rent, and the potential customer base.
4. Secure Permits and Licenses: Depending on the type of business you are opening, you may need to obtain certain permits and licenses.
5. Promote Your Business: Once you have opened your business, you will need to promote it. This could include advertising, social media, or even word of mouth.
6. Monitor Finances and Performance: Finally, you will need to monitor your finances and performance. This includes tracking sales, expenses, and profits. This information can help you make necessary adjustments to ensure your business remains profitable.
Thanks for the help.
Samuel