The First five steps IN starting your business...
In addition to this, delve into secondary questions such as: which social media platforms do they frequent? What kinds of websites and blogs are they loyal to? Are they the type to check Hello Giggles every day, to subscribe to Shondaland, or to start conversations on Reddit? Does your typical customer live in an urban area, suburb, or small town? And, how does their culture impact what they decide to purchase?
Basically, by answering the questions above, and dozens more, you're creating a detailed portrait of the customer you plan to attract. Customers are the life-blood of a business, and that's what makes this first step essential in launching your small business- you have to know your customers.
A business plan typically includes 13 sections. For a description of the information included in each section, visit startups.co
Give yourself plenty of time to write several drafts of your business plan. After writing it, have a professional editor analyze it for grammatical errors. This document deserves as much time as possible to be perfected. After all, it's going to serve as a sort of GPS system throughout your company's journey towards profit and success.
You will, however, need to pay for a domain name. You don't want your business website to end with "wix.com" or "weebly.com." So, be prepared to pay for your own ".com." This typically costs no more than $100, sometimes even less.
Most importantly, remember to keep the design of your website as straightforward and clean as possible. Also keep in mind that it must line up with the structure presented in your business plan.
Some of the paperwork will require a business address and most likely you haven't purchased office space. So, for now you can simply use your home address or specify that, at the current moment, your company is an online business.
For information on federal paperwork to complete, visit the IRS website. And, to find out what paperwork your state requires, visit your state's Department of Revenue site.
In any case, it can be done. The first step is to locate potential investors. Sometimes, you can start with your own family. Presenting your business plan to relatives may take putting pride aside, but it's worth it.
If your family doesn't have the financial means to support your business, you'll have to locate investors from around the country. These days, quite a few artists favor using crowdfunding sites to attract the attention of individual investors. Visit Kickstarter, one of the most popular crowdfunding sites, to find out if this is a solution for you.
You can also find what's called an "Angel Investor." This kind of investor not only provides monetary support, but serves as a mentor to new business owners. One place to find funding like this is Angel Capital Association.
Another great platform that offers connections with potential investors is startup.co. This website also offers a host of information related to launching a small business.