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1. Be passionate about what you do You
don't have to love every aspect of your business (and you probably won't), but you do have to be fired up about it. You're going to devote a lot of time and energy while building it into a successful enterprise, so it's really important that you truly deeply enjoy what you do, whether it is running fishing charters, creating pottery, or providing financial advice.
2. Don't do it
alone you need a support system while you're starting a business (and afterwards). A family member or friend that you can bounce ideas off, and who will listen sympathetically to the latest business crisis is invaluable. When you're starting a business, experienced guidance is the best support system of all, so finding a mentor in your industry will also give you the opportunity to learn from someone who has already been through the startup process.
3. Get clients or customers first
Don’t wait until you've officially started your business to line up clients, as without them, your business will not survive. Spend time in the commonplaces of your potential market in order to network or connect with people over online social platforms, such as LinkedIn, then set up meetings to build on these contacts and provide potential future leads. You can never start marketing yourself too soon.
4. Write a business plan.
This is a key step before starting your business, as it provides you with invaluable information. Creating a business plan will allow you to better understand both operational and financial goals, providing crucial budget and marketing strategies. The main reason for doing a business plan first when you're thinking of starting a business is that it can help you avoid pouring your time and money into something that will not succeed.
5. Do your research
You’ll do a lot of research writing a business plan, but that's just a start. When you're starting a business, you need to become an expert on your industry, products, and services, if you're not already. Joining related industry or professional associations before you start your business is a great idea. It will keep you informed on new information in the market, and help you keep track on competitors’ actions.