How to Start a Business

Image Credit: Norlando Pobre/Flickr

Image Credit: Norlando Pobre/Flickr

  1. Have an idea

This is the most important step in creating a successful business. Having an idea gets the ball rolling for the rest of the steps to follow. Lots of people get stuck here, they feel as though they can’t think of an idea. One way to go about finding a really good idea is look at what needs fixing in the world. Look at that and see think what needs to be done about it, what do people need that they can’t get? If finding an idea is the issue check out these two articles: How to come up with a business idea and Business ideas to start right now.

 

  1. Study the Industry

Ever since the beginning of time on thing has always rang true “Knowledge is power”. That applies in business as well. Study your industry/field get to know everything you can about. Get to know the strategies of your competition. The more knowledge you have the better of an advantage you will have.

 

  1. Plan out the business

When people first read this they think of a long written formal business plan. That is unnecessary when just starting out. What “plan out the business” means is get the key value of your business written down. Describe what your business does, how it does it, and some plans for the future. Once you plan to expand your company then a formal business plan will be helpful.

 

  1. Receive feedback from others

One big misconception about business is that you need to keep your business idea hidden from everyone. This is not true, you may want to refrain from telling the world about it but educating your close friends and others around you will prove to be extremely helpful. Everyone you tell will give you feedback, that feedback is extremely valuable it will help you create the best business you can. Listen extremely carefully to those who criticize your ideas because those can often times be the most helpful.

 

  1. Design and build a website

In the modern age being online is imperative to having a successful business. We have an article on how to create a website step by step click on this for it. One thing to remember when creating a website is keep it simple. People do not want to be on a busy website with lots of text, keep it simple easy to use, include lots of interesting pictures.

 

  1. Advertise

Advertising at a cheap price is sometimes seems hard, but it is actually very simple. Check out our article on the best ways to advertise. A key advertising technique is by utilizing the different social networks out there. By using these free platforms you can share pictures and photos easily to thousands of people. You can also use big search engines such as google and Bing for paid advertising.

 

  1. Create a good reputation

In the business world reputation is what will stand you out from the rest of the crowd. If there are two companies that are selling the same thing for the same price you will use the one with a better reputation or rating. There are multiple steps you must take to receive a stellar reputation. The most important step is connecting with your costumers/subscribers. Always follow-up with your costumers asking how the service was and what they thought of your business overall. This will build costumer loyalty and trust.

 

  1. Work Hard/Smart

The number one way that startups fail is by giving up. Not giving up is easier if you are doing something you like to do. Business is a roller coaster it has ups and downs. Even through the downs keep working hard and the payoff will come to those who wait and work hard.

 

About Calvin Raab (21 Articles)
Hello, My name is Calvin Raab. I am the CEO and Founder of Raab Journal. I am 17 years old and I love learning more about the the world of business. Any questions or concerns please contact me at calvin@raabjournal.com Thank you and enjoy!

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