What are the best websites to start research on starting a small business?
Starting a Small Business 101: The Essential Steps By Darrell Zahorsky, About.com Starting a small business requires determination, motivation, and know-how. Here are the critical steps to provide you with the know-how to have a successful small business startup: Identify Your Business Opportunity: Choosing what kind of business to start can be an immobilizing task when confronted with the multitude of opportunities. It’s important to determine where your passions lie and to understand your personality type. Yet, equally important is what skills you bring to the table and whether you are entering a dying industry or a fast growing emerging business. Read More… Build a Business Plan: For any start-ups, a business plan allows you to gain a better understanding of your industry structure, competitive landscape, and the capital requirements of starting a small business. A study mentioned in “Business Plans For Dummies” by Paul Tiffany states
“You want to start your own business, but don’t know were to start. Follow these steps and you’ll be well on your way.” STEP 1 Business Ideas To start a business you will need to choose or create a business idea. While this is an obvious step many people who want their own business don’t have an idea, just the desire to be an entrepreneur. For the budding entrepreneur, there are many options; buying a franchise or an existing business, or looking to others for ideas for a start-up business. Once you have decided on the business you wish to start, then the real work begins. STEP 2 Business Plan Writing a business plan is your next and most important step, this is how you and others will evaluate your business. When seeking financing the investors or lenders will want to read your plan before they supply you with funding. If you’re financing the business yourself, you will still want to have a written plan to develop business strategies and financial projections. A key element within the
