Infographic: How Do I Start My Own Small Business?

By Aleah Taboclaon

Infographic: How Do I Start My Own Small Business?

A lot of people want to start a small business. It’s not surprising; everyone knows nobody got rich working for somebody else.

A small business, after all, is independently owned and operated; you can take it as far as you want it to go. And before you start thinking that this is not a good time to take action on your business idea, know that there is never a bad time to launch your business.

Even during uncertain economic times, people still need products and services, and if you do your homework well, you might find out there’s a need for the business you’re thinking of starting.

Indeed, every dream starts small, and that includes your business.

You need to make sure, though, that you are ready to become a small business owner. That means bearing the full responsibility of the day-to-day running of your business and the numerous small tasks that you will have to handle yourself at first, including bookkeeping and other necessary activities.

If you want to start a small business but don’t know where to start, don’t worry. A lot of successful entrepreneurs now started out feeling like you do now. They have succeeded because they persisted, and so you should, too.

Given today’s new economic reality, more and more people have realized that the job they had always thought would be waiting for them when they graduate doesn’t actually exist anymore.

Rather than remain unemployed, a lot turned to setting up a small business that perfectly fit with their own life goals.

So no matter what your motivation is to start your own small business, you can start today.

Here are some basic steps and guidelines that you can follow .

How to Start Your Own Small Business

Conduct Research and Planning

This is the very first step in the process of initiating a small business. After all, you need to know if there really is a demand for your product or services.

Research is essential followed by writing a business plan based on the research. Set up goals and steps and follow it up regularly.

You might need to review your business plan every six months. It will evolve as your business evolves and you gather more experience.

Develop A Marketing Plan

Develop a marketing plan

A small business needs a marketing plan as much as the next one, and a marketing plan will help in finding and keeping customers.

This applies to both online and offline marketing as well. It is a statistically proven fact that a business with an online presence earns way more than those who don’t.

Here are some examples for helpful applications that you can use when you are marketing your business:

  • Mailchimp — an email marketing service that saves customer emails securely.
  • HyperOffice — can make you able to function without an office when you are on the go or even when traveling. You can also use it for web conference, collaboration, and synchronizing with your team.
  • Pinpointed — an email marketing service and helps for the marketing of your small business.
  • Zendesk — Go to the full article.

    Source:: Business 2 Community

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