Starting a business is easy, but making it work is hard.
If you think of starting your own (small) business make sure you check this guide on How To Start a Business at: https://www.millforbusiness.com/how-to-start-a-business/
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We hope this will help you to start in a right way and become a successful business owner!
Below are the most important parts of the guide (if you do not feel like reading it in full):
The process of starting a new business might look easy and pretty straightforward. And surprisingly it is actually very easy to start, but very hard to keep it up.
Nine times out of ten new business owner will face a tremendous pressure. You have to know this beforehand.
You do not start a business for the sake of starting a business, right? :)
You need to make it profitable and long lasting.
So, it is always good to be well prepared. However, no matter how well equipped you are you'll face more challenges than you would ever expect. It is not easier than corporate job and it's not easier than going to work at 8 (or 9) and coming home at 5 (or 6).
It is hard - know this.
Although, it's tough you can still mitigate your future burden with perfect planning and 100% pragmatic approach.
You just have to be pragmatic and systematic with everything you do to get the results you want. Being pragmatic/systematic is damn boring, but it works.
Below are the steps you'll have to go through:Business idea
Does not have to be something new. Has to be viable. Many businesses are built on very plain concepts (ideas). Restaurants, hotels, travel agencies, law firms etc. and they work. They become profitable.
So, no need to struggle trying to generate the completely new business idea. It's totally fine as long as it's viable.
Here is a table to help you come up with the suitable business idea: https://docs.google.com/spreadsheets/d/1fOgl8u_XiFPmIdGOTeg70u2anWBMxTQAAnvnqvbme9s/pubhtmlMarket research
Sounds fancy, costs tons of money. We recommend simply to go out and talk to your potential customers. It's free. You should know well to whom you are going to sell.
So, talk to people.
Tell them about your business. Ask them if they would buy your product or service. Try to get the opinion of unbiased people. Your friends and family may unintentionally misguide you by telling that your product or service is awesome just because they love you.Business Plan
This is the most important part of the whole process. No, I'm not talking about those boring 10-15 sheets business plans for investors. I'm talking about a business plan that is a BATTLEFIELD! Yeah :)
The battle is between your business and the outside world. You team up with your business idea to prove that it’s viable and at the same time you team up with the outside world to prove that it’s not. Try to beat the outside world on paper. Be 100% unbiased. If you can't be unbiased then you better support the outside world than your business idea.Launch
If you've beaten the outside world on paper (or screen? on your business plan :) then chances are that your business idea is viable. If so, do not wait and start immediately.
Regardless of how strong is your business plan, starting a new business nine times out of ten means leaving your comfort zone – which is, well, not comfortable. If the only thing stopping you is the fear to leave your comfort zone (or something similar, definitely not serious) don’t even think of it.
Just start it.
Once started stay focused till you make it (and even after).
That's pretty much the whole truth about starting a (small) business.
It may look simple, but you'll discover more details once you dive in.
Hope this will inspire you to start conquering the world.
Mill Team #business #smallbusiness #businesstips #startup #guide #howtostartabusiness