If you're looking to start your own business, why not do it this weekend? Starting a business doesn't have to be a struggle. There are many ways to start a business online from scratch, or buy an existing one as an investment. Starting up a business successfully requires planning and action to succeed. You can also find great business ideas for less than $100 that can make you tens of thousands of dollars in profit.
You need to know when you have an idea worth pursuing
You've got a business idea.
When you're in the process of coming up with an idea for a business — or maybe in the midst of starting one — it can be hard to know whether you're pursuing something that's actually worth your time. Even if you have a great idea, there's so much more to running a successful business than just that.
So how do you know when you've come up with something worth pursuing? Here are some key signs:
Your idea is innovative. "Innovative" doesn't necessarily mean "new." It could just be a new way to solve an old problem. But it does mean that it's different from what else is out there, and ideally in a way that represents progress.
It solves a problem people really care about solving. You probably know plenty of people who are too busy working on their own problems to spend much time thinking about yours. If your business idea doesn't address something that matters to people, then it probably isn't worth pursuing.
You don't need to make drastic changes to your life to pursue it. Your business is going to require some sacrifices from you, but if it requires more sacrifices than you're willing or able to give, then it might not
You need to do some research
You've probably heard it said that "you are your business." Well, not literally. Instead, what it means is that to be successful, you have to make sure your physical appearance and personal brand align with the image you're trying to project.
Here are some tips on how to use your appearance to convey the message you want people to hear.
Wear Comfortable Clothes
If you have a business meeting, make sure you're in something that makes you feel relaxed and confident. That doesn't mean sweatpants, of course—it's still just as important to look presentable as it is to feel comfortable.
Maintain Good Personal Hygiene
No matter what kind of business you're in, people want to do business with someone who smells good and looks like they take care of themselves. It's not much more complicated than that! Make sure your hair is clean and styled, keep your clothing tidy, and make sure you're practicing good dental hygiene by brushing twice a day.
You need to make a business plan
You've decided to start a business. Congratulations! You're probably super nervous, but don't worry—you've got this.
Our business plan template helps you plan for the future of your business by making it easy to create financial projections and lay out the details of your startup so you can be sure you're ready to take your big idea to market.
Here's what you'll need:
- Business name
- Industry/market details
- Business structure (sole proprietorship, partnership, or corporation)
- A brief statement of purpose
- Description of products and/or services
- Financial projections (what will it cost to make the products or provide the services? How much do you expect to sell them for?)
You need to talk about your business with other people
So you're thinking about starting a business. Good for you! It's an exciting time to be an entrepreneur, and there are lots of free resources available if you want to give it a try.
But before you get started, you should make sure your business idea is something that people actually want. This can be pretty tricky, and it's important not to skip this step—you don't want to spend all your time and money on something that's just going to flop! Ask yourself: is there a market for your product? Who will buy it? What makes yours different from what's already out there?
If you can answer those questions with confidence, then it's time to do some research. Think about how much money you'll need to get started, how much profit you'll need to make in order to stay afloat, and where that money will come from. You might also consider talking with someone who has experience in the industry or working at a startup incubator near where you live; they can help advise on things like funding options and legalities.
Once all of this is sorted out though, I'm sure things will go great! You've got what it takes—I believe in you! Just remember:
- That you're going to be rejected. But your story is the only one that matters: yours.
- That you're going to lose friends. Some people are going to resent you for your drive and ambition. And that's their problem, not yours.
- That you're going to lose money. Just like any investment, it may fail. But if you don't try, it's guaranteed to fail.
- That it's not always going to be easy or fun.. Getting a business off the ground is hard work, but that's a good thing -- it means fewer people will make it happen.
- That there are no guarantees in this life - but that's what makes the journey interesting.
- When you have a business idea or a goal, just do it!
You need to get feedback from potential customers
Business cards are a great way to get feedback from potential customers. They're little, and people don't really expect to get them when they're out and about, so it's a nice surprise for them—and it gives you a chance to hear what they really think of your business idea.
Create your cards using Vistaprint, Moo.com, or any other printing service—just be sure that the card has your name on it and tells people exactly what you do! That way, when someone does come up to you at an event and asks what you do, you won't have to fumble around trying to find the right words or make small talk while you wait for inspiration.
You'll also be able to keep track of all the people who have shown interest in your company that way, and you'll have a way to contact them once you've launched!
You need to get legal
Hey there, business owner!
See, all the time, we see small business owners get into legal trouble because they don't know how to protect themselves and their businesses from lawsuits. And that's not fair! You're out here starting a business, doing what you love, working hard for something good. You deserve better than to be taken advantage of because you didn't know about some rule or law.
That's why we decided to make a company that helps small businesses like yours with all the legal stuff you need. We can help you form your LLC, file taxes, get registered in your state if you have to be registered, deal with employee issues and questions, and just figure out all the other legal stuff that comes with running a business and being an employer.
So when you're ready to feel less stressed and more secure as you run your business, give us a call! We'll sit down together and talk through what's right for you.
You need to get financing (if you want it)
When you're starting a business, one of the biggest challenges can be getting financing. It's one of the first questions that investors or lenders will ask you, and there are plenty of ways to get it.
Should you get funding from a bank or from investors? You'll need to take a good look at your finances and your business plan to decide how much working capital you'll need—and then once that's decided, you should consider the pros and cons of each option.
Ways to finance: Debt financing—getting a loan; Equity financing—selling part of your company (stock).
You need to create a mini-website, if not a full one
Our business advice is legendary. We've been doing this since before you were born—and we've been able to stay at the top of our game because we're constantly learning, growing, and changing with the times.
Check out some of our best articles on starting a small business:
- Where to get business cards
- How to start a business online
- How to start a small business in general
If you have any questions about starting your own business, don't hesitate to reach out! We can give you tips and advice on everything from where to get business cards to how to do your taxes when you're self-employed.
Start on your business this weekend by creating a website and start gathering information about how your business will be profitable!
Starting a business can be a daunting task, but with the right preparation and some dedicated time, you can be well on your way to success.
This weekend, we recommend that you set aside at least four hours to get started on your new venture. It's important to remember that a business is not an overnight success—just take a look at all the greats. This weekend, we want you to start by doing the following:
- Creating a website for your company.
- Gathering information about how your business will be profitable.
Creating a website for your company is an important first step in establishing yourself as a professional entrepreneur. You don't have to overthink it—just create one page with information about who you are and what you're offering. As you progress, you can add more pages and build out your site!
Gathering information about profitability is also essential. If you don't know exactly how your business will make money, then it's going to be hard to make sure you're actually making enough profit to keep going. So do some research (or hire someone!) and figure out exactly how much money people are willing to pay for your product or service.
All of these ideas are legitimate, but if you do them right, you can make it a long-lasting business. You can pick one and see how it goes, write a blog post about if or make a video on YouTube that teaches people how to start one of these businesses.