Your Step-by-Step Guide to launch your First business
There is a promising idea that goes around your mind now, right?
How to go through the business world. How to achieve growth and profit. It may be a blurry and a huge step but with some little steps you can set up a solid base to start from.
- Start with market research
Economic statics say that about 100 million new businesses are predicted to open each year around the world.
So you need to gather information about your competitors and your potential customers. Use that information to find a competitive advantage for your business.
- Find your (WHY?)
Why you are launching your business. What differentiates your business? When your answer meets your targeted customer needs, it means that your business has a good chance to grow.
- Put your business plan
It’s a roadmap that will help you to start with a clear base. You need to define the structure of your business, how to run it, and achieve growth.
- Fund your idea
Your business plan will help you figure out how much money you’ll need to start your business. What items that you need to pay for.
- Pick your business location
Whatever you will start an online store or a real one you need to find out where you will establish the business. That your location will affect directly your growth rate & targeted customers.
- Choose your business name
Your brand name will define the first impression about your brand. So the name needs to capture your spirit and express the relation with your customers.
- Register your brand
It’s time to make it legal and protect your brand. Start having licenses from the government due to government regulations.
- Build your team
Your product is built by people. Figuring out how the team will work together. Defining roles and responsibilities. And know choosing a team that can connect with each other positively will help the growth rate.
- Launch your brand and start marketing
Now your business is ready for launching with clear sight for the future. But to continue your progress you need a professional marketing plan to expand your customers.
If all of these spark your interest, start contacting us THE PORTAL agency for our business consulting and marketing services.
