Build it and They Will Come

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Review our list below for some easy tips on getting your business started the right way!

Ensure you are motivated and committed: A true entrepreneur is able to consider the potential payoffs, as well as the risks and pitfalls. Be sure you are ready to commit to your business, as well as the time and energy it requires.

Do some market research: This research allows you to see what types of businesses are viable and how much money is being spent on those businesses.

Start small: Developing your business on a smaller scale is safer than going big too soon. Consider selling to friends and family, and growing from there. This enables you to tweak your product or services with the feedback you receive from this small group.

Keep it simple: Beginning with a simple idea means your branding can also stay simple. And this means that spreading the word about your business will be an easy and smooth process.

Understand your competitors: Not only is it important to understand what customers want and need, it is also vital to grasp who your competitors are and what their successes look like.

Develop a business plan: A business plan is necessary in helping you focus, and potentially obtain funding. This roadmap not only provides direction but also attracts investors and potential business partners. The Small Business Administration recommends that every business plan include the following:

  • Executive summary – a snapshot of your business
  • Company description – describes what you do
  • Market analysis – research on your industry, market and competitors
  • Organization and management – your business and management structure
  • Service or product – the products or services you offer
  • Marketing and sales – how you will market your business and your sales strategy
  • Funding request – how much money you will need for next 3 to 5 years
  • Financial projections – information, such as balance sheets
  • Appendix– an optional section that includes credit histories, licenses, résumés and permits

Writing a business plan creates the foundation for your business and guides you through starting and managing your new business.

Higher experienced and knowledgeable professionals: Because you can’t wear every hat or know everything, it is important to work with individuals who can help you build your business. Finding experts in the areas that you don’t feel comfortable or knowledgeable is a good idea, and can help you build a strong and viable business.

We know you have great ideas as an entrepreneur.  We’re here to support your endeavors and ensure you stay protected.  That’s why we know how important it is to start building your business with a solid foundation – and we can help you get there!

Call 866-5454-1867 to speak with one of our start-up specialists, and learn how to form your free LLC with no hassle!