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How do I start a business

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Oluwaseun hi. You should first develop a business plan, a "living" document that will give you a sense of direction, structure, natural flow, a set of objectives, and so on. Also it will force you to think about and include each essential business topic in advance, and will be very handy tool to measure your progress and performance in the future. With a biz plan you have too more probabilities to get a financial loan. For details please read https://www.micromentor.org/question/7958 . Enjoy the process.

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Follow your value system. Examine your talents, your attributes and your affinities and develop an idea for a business that you would enjoy.

Give your start up idea the following test:

Do you have a product or service niche in mind?

Do you believe you have a market for 1 above and the means to reach it?

Are you willing to develop a business plan using the free tool kit linked below to validate 1 and 2 above before you launch?

If the answer to the above questions is yes than take the actions indicated, observe the results, then make an informed decision on whether or not to proceed.

https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan

https://www.bplans.com/sample-business-plans/

When you launch if your plan risk analysis indicates high early challenges, phase into them gradually while retaining your present employment. As the business matures and your risks are mitigated, cut over to full time and resign your old position when you are comfortable doing so.

Report Kenneth's answer

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You first start a business whenever you identify any form of challenge or problems and looking and considering way's to solve them voluntary or for profit to at least satisfy needs and wants. You also need to ignite your zeal and passion towards the problem solving situations and to test solutions whether it satisfactory. You can then connect to immediate expertise for guidance and register the business as such since you would have had your plan, target markets and financial models.

Report Samuel Somuah's answer

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mail me on darasimitraders202125@yahoo.com

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