Which is the best condition to start business

 

Which is the best condition to start business

If you want to start your own business in this year then you are in the right place, because. In this Post i'm going to breakdown these most important steps to do this Post.So if you are in this process and on this journey of starting your own company then make sure you subscribe to Sadhubani so that you can get notified every time. A new Post is released and learn everything that you need to know. I also want to let you know that i put together a free checklist of these steps to help you stay focused and on track. As you go through this process. So check it down below for a link to download that free checklist. The first step for starting your own business is simply deciding.What business to start now i know this might seem incredibly obvious if you've already made the decision but there are a lot of people out there. Who want to start their own business but they haven't decided yet and they can't move forward you can't move forward if you haven't made this decision yet personally i had a lot of ideas and i really had a hard time narrowing down what business i wanted to start so that was my biggest problem i tried to start a few businesses at once and that really didn't go that well. Because i mean really building a business can be a full-time job it's a big project even just doing one and if you try to build multiple businesses at the same time you are just kind of setting your self up for failure not to say it's impossible, but it's going to be a lot more difficult. So set yourself up for success choose one business idea for you to work on at least for now you can always pursue other businesses other ideas later on, but start by deciding on one business. how to decide what business to start so if that's something you'retrying to figure out right now. make sure you have notifications turned on once you've decided what business to start you're going to want to write a business plan. 

Is the share market a good side business

Everything about your business and everything you're going to do in the future it doesn't need to be that at all this can be super short super simple you can make a business plan that is as short as one page, long but you can do it in just a couple hours at most and it is just going to really give you a lot of clarity about exactly. What you're trying to do I mean you once said off on a trip without a map right without like queuing up google maps typing in the address of where you're trying to goes specially if you've never been there before you've never built the business. you're trying to build before and so you should have the best map you can or at least some sort of plan about where you're trying to go 3 weeks from today i'll be releasing an episode walking you through exactly. How to write your own business plan the third step is to validate your idea now this is a mistake that, I see so many the majority of new entrepreneurs make when they're trying to start a business they have a business idea they write a business plan and then they get to work just building their business they're investing all this time and energy and they don't even know yet for sure if people want what they are going to be selling and so they might be building a business that sells a product that people aren't really interested in when you think about it that's pretty risky business I  mean you probably wouldn't go and invest a whole bunch of your money into some random business that you have no idea if it's proven no idea if it's going to be successful but for some reason a lot of us myself included can feel very just free with investing our time investing our energy into unproven ideas. I don't want you to do this i want you to take the steps to validate your business idea this process involves market research, where you go out and you talk to people who you think might want your product and you ask them if they'd be interested in it why not and other questions about their related desires and their related challenges and, Then you're also going to want to do some sort of beta launch of your product, so this is where you make a really simple version of your product so before you spend all the time energy may be money creating the product that you're dreaming of you just make some sort of simple version and you offer it up for sale and you see if people are interested in buying it and then once you get those for sales that really validates your business idea and then you can go back and build the product out even further and sell it for a higher price. Point later on i'll have a Post about this entire process coming out in three weeks from now step number four is to set up shop now if you're running an online business. what this means is. you're going to create your website do you have to have a website no it's not absolutely required but it's gonna make running your business and building your business a lot easier. so i really would recommend that you set up a website this really doesn't have to be that complicated you can diy it completely from scratch with something like wordpress or you can use one of these nifty tools that exist today like square space or wix that makes building a website really easy step.

setting up your business finances

So you need some way to keep your business money completely separate from your personal money and also to keep your business money organized. so you can use a software to do this like quick books or wave where you can just use a simple spreadsheet like a google sheetand do it completely for free honestly, when you're first starting out that's really what i would recommend you don't need a big complex system to manage the few transactions that you're going to have and it will be much easier for you to maintain and also. you will be able to really practically see where your money is going a lot more easily on a simple spreadsheet the next step of the process is, where i think that it starts to get really fun and that is building a sales machine so now that you have validated your business idea and you know that people want the product that you're selling, and you also know who those people are and you've set up your systems primarily your website and your money systems to be able to process more transactions. Now you're ready to start to scale and that means you're going to take your product to the masses and start generating a lot more sales. So in order to do this you're going to need to figure out a good way to get traffic this could be just ranking your website on google or it could be making content like blogposts or youtube videos or using socialmedia marketing or using paid advertising there are lots of different options here. But you need some way to consistently get traffic and visibility, so that people find out you exist and then you need a process that takes that visibility and turns it into sales so this is some times called a sales funnel but whatever you want to call it you need some sort of process to guide people from first hearing about you to eventually making that purchase, a lot of people especially those with a marketing brand on in the business. Building journey. I know when i started my online business it was one of the first things that I tried to do and i knew a lot about how to build a sales but i did not make any sales and the reason for that was i was missing a couple really essential things like traffic nobody knew i existed so there wasn't any traffic flowing through my sales funnel i wasn't making any sales at all, But also i hadn't taken the time to validate my idea and so the thing that i was trying to sell nobody wanted it and especially nobody wanted it the way i was explaining it to the mand so i had to take a big step back and really start over from scratch and validate my business idea first offer my product directly to people and see how they responded to it and then i knew how to build a sales funnel that would actually convert actually make me money for the seventh step of the process you're gonna double down on your visibility you've built this process that can turn your traffic into sales. but in order to make more sales now you need to give up your exposure and what that means is you need to double down on your marketing you need to get in front of a lot more eye balls may be this means that you increase your budget.For paid advertising but for alot of entrepreneurs who are justboot strapping it means that they are going to have to get creative and do collaborations to team up with brands that already have audiences and get in front of a lot more peoplethat way the final step of the process of starting your business is to get some help you need to hire some people so that you can delegate some tasks, so that you can accomplish even more reach even more customers without having to work crazy hoursyourself because here's the truth being an entrepreneur can be a very time consuming thing in fact it can consume your entire life and i really don't want that for you and. I  don't think you want that for yourself eithereven if you love what you do even if you are super passionate and you want to spend all your time doing it there's still a cap on the number of hours that you have available to invest in anything. So if you want to grow your business beyond a certain point and have an even bigger impact on the world then you're going to have to get some help now you really don't have to wait to start bringing on this help until you have a crazy amount. of profit and just like more money than you know to do with as soon as you start making money you might consider out sourcing some small tasks in your business. Just to freelancers who are working very part-time to get some things off your plate. So that you can use your time and energy to really build the business and do the aspects of building the business that only you can do there are somethings that any one can do but to advance your vision for the company there will be some things that only you can do so now that you understand the steps of starting your own business. What i want to know is where are you in this process have you decided what business you want to start have you written a business plan have you set up your website have you made your first sales tell me down in the comment because i'm really curious as i mentioned earlier on this post i know that you want to make surethat you are choosing your best idea so that you aren't wasting time on an idea that isn't going to pan out in the long run so if you'd like some guidance on making this important decision then be sure to join me again here.Again thank you for reading us.