Every great small business, and a lot of not-so-great ones, starts out as an idea. The key is to successfully transform that idea into action. This is where many entrepreneurs get overwhelmed. If you break down your goal of starting a small business into several smaller tasks, though, you’ll find that it’s not as hard is it might seem.
The first step is to come up with a business plan. The trick here is to aim to keep things simple and to keep your costs (in both money and time) low. Your plan must define your business and its mission, outline your basic strategies, and contain a simple plan of action. Then, you have to determine your budget which, again, should be kept as low as possible. Be realistic about the numbers, especially if you’re self-funding. Next, you need to decide on a legal entity and file the proper paperwork to officially start your business. Remember to factor this into your budget too, as it can sometimes cost a pretty penny. When that’s done, it’s all about branding with a website and social media accounts and testing your sales. See? It’s not as hard as you thought!
Read the full article here: A Simple 6-Step Process to Starting a Small Business
