Eight Steps to Getting Your Own Business Set Up

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Eight Steps to Getting Your Own Business Set Up_Chispa Magazine
So… you want your own business. Many people think about it, but they don’t actually do anything about it. If you want your own business, you’re going to have to take the right steps and work really hard. It’s never a walk in the park at first—you need to put in the work and surely these eight steps will help you get started:

Step 1: Create a Business Plan
Not every business creates a business plan, but they can be a huge help. It’s rare a business without a business plan succeeds. A business plan is basically a detailed document outlining what you’d like to achieve with your business. You’d write down your goals, where you wanted to be in the future, and how you planned on getting there. A good business plan can also help you secure funding.

Step 2: Secure Funding
If you don’t have funding, you’re going to need to secure some. This is why the business plan is so important. You’ll need to have a meeting with the bank or another lender and pitch why they should fund you.

Step 3: Find a Business Premises
When you’ve managed to get funding, you need somewhere to work. Some people work from home before they take off, but this isn’t always possible. Working from home can be difficult, as there are many distractions.

Step 4: Build a Website
A website is a must for a business, whatever stage you might be at. A good website designer will talk your goals through with you and most importantly, they will assist with the right call to actions. Make sure you ask them a lot of questions and look at their portfolio; you definitely don’t want someone who’s going to do a slapdash kind of job.

Step 5: Promote Your Business
Promoting your business will help you to drum up customers, and you can do this in many ways. For local business you can do things like hand out flyers, and for online business you can build social media profiles.

Step 6: Create a Buzz
You want to create a buzz around your business to get people to come to you. You can do this by giving away a free sample product, attending networking events, or even writing a press release.

Step 7: Get an Accountant
An accountant will help you keep your finances in order and everything above board. You more than likely won’t be able to do this yourself, as there’s a lot of work and a lot of documents involved.

Step 8: Work Hard + Smart
The final step; work hard and smart. Stay focused on your goal. Picture your future and where you want to be, then work relentlessly to get it. Make sure you do everything legitimately so you build a good reputation.

 

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Milo Senalle

Milo Senalle

Managing Editor at Chispa Magazine
As one of the managing editors of Chispa Magazine, Milo Senalle is the go-to man for all things technology, ethical, and financial concerns. Providing laughs with his style of writing and problem-solving techniques, Milo is a voice of reason among the girly staff at Chispa. Married with children, living in Atlanta, he works 24/7 on becoming a man of courage and believes honor begins at home.

Milo Senalle

As one of the managing editors of Chispa Magazine, Milo Senalle is the go-to man for all things technology, ethical, and financial concerns. Providing laughs with his style of writing and problem-solving techniques, Milo is a voice of reason among the girly staff at Chispa. Married with children, living in Atlanta, he works 24/7 on becoming a man of courage and believes honor begins at home.