10 steps to start your business Starting that business requires planning, making / taking key financial decisions, and completing a series of legal activities. Conduct market research This is a very valid point! Market research will tell you if there’s an opportunity to turn your business ideas into a successful business. It’s a way to gather information about potential clients or customers and businesses already operating in your area. Use that information to find a competitive advantage for your business. Write your business plan You need a road map! A formal sketch that shows you at a glance how your business will run from day one. 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. Funding for your business Your business plan will help you figure out how much money you’ll need to start your business....
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