11 SIMPLE STEPS TO STARTING UP A BUSINESS
HOW TO START A BUSINESS
To start a business can be of much work, but its a gradual process. To own a business means you are in control of your destiny, ( in pursuit of your vision and passion) a ticket to complete freedom. Freedom from what? From being an employee to becoming and employer. To start up might not be as difficult as you think if you can access a valid information that can put you through (YOU IN THE RIGHT PLACE).
Read and practice every word that will be shared in this content to make your profit-making idea and you goal in becoming a successful business owner, manifest!! In here we have prepared ten simple guides to help you get started.
“ACCESS yourself, and create a business that can provide for your needs…Then, you can be happy”
The first step is PERSONAL….
1. Define Your Brand:
Defining your brand is one creative step ahead in becoming a business owner. To start up a business you you must create your own profile! Here is why “For every pursuit there must be a plan”. You need a journal! This is where you plot out a description of the type of business you want to engage in. Remember defining your brand, is the first step to consider .This is the foundation of your new business. Also, writing it out on paper serves as a guideline for you to know your business plans, structure, and growth.
2. Business objectives statement:
This is an important part for a business owner. What is the purpose of the business? BE specific! Be intentionally about it, don’t rush it! Your vision is as important as your achievement at the end of day. Your business objective statement serve as a roadmap for directions and the growth of the business.
3. Choose a business a name:
What’s a name for? Business name defines your company, its nature and identity. It’s attracts attention and impression to your customers. Your business name separates you from your competitors.
4. Business logo:
This is used for identification and recognition of your business, it can be in form of symbol or a text name.
5. Identify your target market:
Who is ideal customer? The act of selling is as simple as ABC when you are able to target those who are in need of your products and services.
6. Describe the type of products or services you offer:
The purpose of a product description is to explain what a product is, its function and why it’s worth purchasing. Start by having a good perspective of your target readers or listeners, and what you want them to gain from your words (make it simple and comprehensive).
7. Create awareness:
A brand awareness is to get customer’s attention, identity and recognition to the kind of business you do. Do not feel less concern about this like most people do, they feel like it imposes responsibility on them. Building and maintaining up a brand recognition can be expensive, however, its advantages are more thrilling. For a beginner like you, you don’t have to worry about the high cost, there also is an easy way to go about it. Which are;
- Social Media: Social media is broad view to introduce the type of product or service you offer. Examples are; Facebook page, Blogs and YouTube videos.
Create content to interact your business with people. Actually there are various types of content but only few will be listed here such as (Email campaigns , social media, web copy)
- Local participation: If your town or city is having programs like seminars or festivals. Sign up for it and make yourself available. Participating with local charities or events is another better way of getting your business to the world!
8. Marketing and sales planning:
Marketing and sales serves a means of communicator for a business, it’s connects you with people and ensures that your business is known to the public. Your marketing is a means of directing new prospects to your network through the use blogs and other contents like (videos, radio, and webinars). While Sales is a process of turning your new prospects to customers. If you can’t handle this on your own I would advise you get a good marketer or salesman for your business.
Note: Marketers and salesmanship are not the same but they share the same task in business.
9. Market search:
Market research: After you’ve plot out the type of business you want to start up, it is important you run a market research to answer the following questions: Who is demanding for your product or service? Who are your ideal customers? Who will your competitors be? Meanwhile, your ideal customers are those who will benefit from your products while your competitors are other businesses offering a similar product or service to your customers. Conducting a market research might take a lot of time and effort but you are obliged to do this. This act point out your market size, your unique selling proposition (USP), and your opportunity.
10. Test your business idea:
Create a product prototype to test your business idea. Try it on a small scale first (make sure its demanding by the public) and get feedback before proceeding to a bigger scale.
11. REGISTER your business:
The advantage of owning a business comes with independence and power to control but to become officially recognized as a business entity is the REAL DEAL! Registering a business is a smart choice, there are also legal and marketing benefits attached to it. The following are various types of business formation;
Make sure to read through the following business categories to get familiar with the type of formation your new business belong.