business startup – Page 40 – MARKETING IN MINUTES VLOG

10 steps to start your business.Starting a business involves planning, making key financial decisions, and completing a series of legal activities.1. Conduct market research.Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.2. Write your business plan.Your business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to convince people that working with you — or investing in your company — is a smart choice.3. Fund your business.Your business plan will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to either raise or borrow the capital. Fortunately, there are more ways than ever to find the capital you need.4. Pick your business location.Your business location is one of the most important decisions you’ll make. Whether you’re setting up a brick-and-mortar business or launching an online store, the choices you make could affect your taxes, legal requirements, and revenue.5. Choose a business structure.The legal structure you choose for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability.#business#startup#money making#how to start a business#best business#money#start#life#taxes#pay10 steps to start your business.Starting a business involves planning, making key financial decisions, and completing a series of legal activities.1. Conduct market research.Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.2. Write your business plan.Your business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to convince people that working with you — or investing in your company — is a smart choice.3. Fund your business.Your business plan will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to either raise or borrow the capital. Fortunately, there are more ways than ever to find the capital you need.4. Pick your business location.Your business location is one of the most important decisions you’ll make. Whether you’re setting up a brick-and-mortar business or launching an online store, the choices you make could affect your taxes, legal requirements, and revenue.5. Choose a business structure.The legal structure you choose for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability.#business#startup#money making#how to start a business#best business#money#start#life#taxes#paythanks for watching……💸💵😁😊⛷️👌

When starting a business people tend to go with something they feel strongly about, something they like rather than something they are good at and there are good reasons for doing this. For one you are less likely to quit something you enjoy and will probably work harder on it.But in practice what I have seen is that it is better to choose something you are already good at rather than something you love. Plus if you are good at something you either already like it or will probably like it in the near future as you become more successful and start getting praise from your customers and team.It is obviously better to choose something you love and are good at but if you have to choose between the two you will probably be happier and more successful choosing the latter. This may seem counter intuitive to say but in my experience it is what I have seen.Let’s put it this way, how happy will you be with a business you love that is not doing well year after year because you are not as skilled or experienced as your competitors? How happy will you be with a business that is draining your savings? Or having to spend so much time on it because it takes you longer to achieve the business objectives than it takes your competitors?On the other hand, if you choose a business in a field that you are skilled in and you are being praised by your customers. Your business is flourishing. You are making good money. You will probably start to like the business but even if you don’t, you will sleep better at night.If you are a good accountant who loves pizza then offer accounting services and eat pizza. You don’t have to open a pizza place.So if you are lucky enough to be good at something you love go for it. But if you have to choose between your passion and your talent. Choose your talent.#Entrepreneurship #Business #Startingabusiness #Startup