I have an idea to start a Business, what should I do next?

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  • 11 months ago

    Everyone can make it harder than it seems. You will need a product line or business idea then a marketing plan the most important thing! I can give you a look at a free way to make your business succeed with a step by step plan. From doing the legal paper work to launching your first idea and selling out. You can see it here http://bit.ly/handmadetraining That should help you get an idea for a business. Doesn t have to be handmade at all.

  • Anonymous
    11 months ago

    Go over your business plan, revise as needed. Find funding/capital. Then depending on the business the specifics will be different in how to actually start it up. For example, dropshipping you would just have to create an online account, make listings, and find a supplier. Research your type of business and the necessary components. Think of similar businesses and read up on the background(s) of the founder(s) and how they utilized their skills and networked to start their business, this can be insightful

  • Anonymous
    11 months ago

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  • 11 months ago

    You have to consider:

    Is there a market for your idea?

    Where are you planning to find customers?

    Have you estimated start up cash and is it available?

    How much will you need to purchase inventory & office expenses?

    How much monthly expenses required?

    How long can you go without a paycheck?

    Have you established a credit line with a bank?

    Lawyer costs to set up company?

    This will give you something to think about. There are more questions but see how you make out with these.

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  • 11 months ago

    Answering your comment to Maxi - you don't until you have all the preliminary work done. Manufacturers will not give you the time of day until you have your capital, licenses, business plan, etc. lined up - unless of course you plan on paying for the manufacturing costs out of your own pocket. For manufacturing, do you have a prototype or blueprint, a materials listing, etc. You will not get a pricing list until you have your licenses (the prices are proprietary).

  • Judy
    Lv 7
    11 months ago

    Research it, and write a business plan listing everything you'll need to buy, lease or do to start and operate your business, approximately what it will cost, where you'll get the money,how you'll get customers, what you'll charge,how many customers you'll need to make a reasonable profit. Your business plan will tell you whether or not starting this business makes sense. You'll need to show it to lenders if you expect to borrow any money. It will serve as your roadmap for getting started and running your business. And start saving for it - you'll need around 1/4 to 1/3 of the money from your own funds, lenders expect you to have some 'skin in the game'.

  • Maxi
    Lv 7
    11 months ago

    Research...what 'need' is there for the product/service your idea is.... what others are already doing it..... how is their business doing..... cost of setting up the business.... write a business plan... check and see if there are any funds/grants being offered for new set ups........ do you understand about finances and accounts, if not going and learn

  • 11 months ago

    You need tons and tons of cash with you

  • Jim
    Lv 7
    11 months ago

    Start gathering the money needed.

  • 11 months ago

    Title says all. Best reply wins my vote.

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