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How to Start a Business

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How to start a Business

More and more people are beginning to open their minds to new business ventures. It seems like it is becoming the popular move. By opening a business there could be huge profit to be made, depending on the market. On the other hand, there are risks and losses that may occur as well. It is said that there are two reasons why people start a business. The first reason is because they have inspiration for what they believe would be a great idea and the second is from desperation. People have a need to make money and there are no jobs out there, which they found, that suites them or their needs.
First thing you'll need is the idea. It might be a product you've always wanted to make, or a service you feel people need. It might even be something people don't know they need yet, because it hasn't been invented. It can be helpful and fun to have people who are bright and creative to join you for a casual brainstorming session. Start with a simple question like: "what shall we build? The idea is not to create a business plan, just to generate some ideas. Many of the ideas will be new, and there will be quite a few ordinary ones, but a few will emerge that have real potential.
Second, define your goals. Do you want financial independence, eventually selling your business to the highest bidder? Or do you want something small and sustainable, that you love doing and want to derive a steady income from? These are the things that are good to know very early.
Define your team. Will you do this alone, or will you bring in one or two trusted friends to join you? Think of some of the biggest success stories in recent times include Bill Gates and Paul Allen; Steve Jobs and Steve Wozniak; and Larry Page and Sergey Brin. In every case, the partnership brought out the best in both sides of the equation, and every one of them became a billionaire. But you have to keep in mind even if someone is your best friend, it doesn't mean that he will be a good partner for you in the business.
Marketing your business, and the first thing you have to do in marketing is to get a website. If you have things to sell you can but a pictures for your sales in the website, because these days people doesn't have the time to come to the store and spend a lot of time watching, the just want to do it online, and come to your store the next day and just buy anything the need. Next, you have to spend some time developing an excellent social media presence. This can be done well before the business is ready, increasing anticipation. Use Facebook, Google+ and Twitter, and any other social media you participate in to build excitement and spread the word. You want to build a buzz so that people will begin following your progress. Be sure to choose business accounts for your business and keep your personal accounts separate. The messages you send should be tailored differently, depending on which account you're sending from.
Finley, don't do something you hate because your father or your friend said you should do it, and always keep in your mind these words "Do what you love, to love what you do".

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