5 Things To Know Before Starting Your Business
Business Marketing with Nika
11 replies
Getting ready to start a small business?
Check off these items first:
1. Craft your name, purpose, and mission first.
2. Think in advance about your digital presence.
3. Avoid hiring just anybody.
4. Pay attention to initial investments and how much you'll need.
5. Get to know your competitors and be consistent.
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Replies
Timi Lab@timi_lab
Shopercase
This is a very great point. I love it
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solution to their problems is essential to the success
Start with "Identify Your Target Market" then
Conduct Market Research
Create a Business Plan
Secure Funding
and last "be Prepared to Work Hard"
@busmark_w_nika finding investors who are vulnerable to joining your project requires a combination of research, networking, and a compelling pitch.
By taking the time to define your target audience and craft a compelling message, you can increase your chances of attracting the right investors and securing the funding you need to bring your project to life.
Thinksy
5. Get to know your competitors and be consistent.
Any tips on doing this outside of just testing the products themselves? Do you ever reach out to competitors?
These are some solid points to consider when starting a small business! It's important to have a clear vision and strategy in place before diving in, and paying attention to initial investments and competitors can make a big difference. Best of luck to anyone embarking on this exciting journey!
This is a great list.
They must set the foundations first, then start to fly.
Because I know many owners who still don't understand the real meaning of the vision and mission.
They simply write them down and put in their website, because others do the same
We are going to create an LLC. Can someone give advice on forming and running an LLC?
@marian_hunter There are some steps for LLC
1. Choose a Business Name
2. File Articles of Organization
3. Appoint a Registered Agent
4. Create an Operating Agreement
5. Obtain Necessary Permits and Licenses
6. Obtain an Employer Identification Number (EIN)
7. Comply with State and Local Tax Obligations
I recently came across this. There are platforms like llcbuddy that help with creation. You can find a lot of useful information there.
@marian_hunter @busmark_w_nika I'm not sure 100% but I think that LegalZoom is a well-known platform that provides legal services, including company formation, not only in the United States but also in other countries.