HOW TO GET YOUR NEW BUSINESS STARTED



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want creative freedom.
* You want to fully use your skills and knowledge.

Next you need to determine what business is "right for you." Ask yourself these questions:

* What do I like to do with my time?
* What technical skills have I learned or developed?
* What do others say I am good at?
* How much time do I have to run a successful business?
* Do I have any hobbies or interests that are marketable?

Then you should identify the niche your business will fill. Conduct the necessary research to answer these questions:

* Is my idea practical and will it fill a need?
* What is my competition (There is a saying, "If you don't have competition, then you don't have a business!")?
* What is my business advantage over existing firms?
* Can I deliver a better quality service?
* Can I create a demand for your business?

The final step before developing your plan is the pre-business checklist. You should answer these questions:

* What business am I interested in starting?
* What services or products will I sell?
* Where will I be located?
* What skills and experience do I bring to the business?
* What will be my legal structure? (There are a substantial amount of information about legal structures on this site - Just type in "corporation" in the search or click on the "INCORPORATE" tab)
* What will I name my business (Be careful, there may already be a business using your prospective name)?
* What equipment or supplies will I need?
* What insurance coverage will be needed?
* What financing will I need?
* What are my resources?
* How will I compensate myself?

Your answers to all these questions, will help you create a focused, well researched business plan that should serve as your business roadmap


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