How to start a business

• Categories: Tips, Work
• 11 Feb 2020

In this article, we will talk about how to create a business. We will give you some tips that anyone who would like to have before starting their business. At first, if you have an idea, without paying attention to which country you are, just your idea. You will have to do a lot of research to find out if your idea has already been used. It should be noted that if there are competitors, it is not a bad thing, it means that there is a market. You’re going to have to make your place in this market for this, you’re going to have to tell yourself, why a customer will come to me rather than to my competitor, you’ll have to check that there’s still room in this market.

Secondly, we will have to think about doing some research on the legal steps that will have to be taken, whether in your country, where some things will seem obvious to you, but if you want to start your business in a foreign country, the research on legality will have to be more intense because you do not know how it works. Therefore, I advise you to go to organizations that will be there to help you, whether it is to register the name of your company or even to accompany you, some organizations may suggest a person who will follow your project, or even offices inside their offices, to make things easier. To give you some small examples, there is a Business grow hub that works in different areas, which helps many entrepreneurs to create their businesses. The second important topic of this article is to know the strategy you will need to implement for your business. It is very important to establish your strategy to ensure that your project can be scalable over time. Of course, at the beginning you will have to work many hours, hard work but if your project is scalable, you will be able to be simply the coordinator of what will happen, you will be able to use so that these people think and work for you while keeping the right to decide for your entry. To establish your strategy there are tools that can help you like the Model Canvas, the image you can see above, and that you can download here.

In this model, you will be able to note which is your target, which is your market. There are other things that are included in this model, such as who your partners will be, what your means of communication will be, the costs of your company. It is important to have a map of who you are as a company, with what you will offer, what are your advantages over your competitors. This is important because you will have a plan of what you will do to achieve your goals and see how it evolves. It is also important to ask your entourage for an opinion on your business, after which you must be sure that your entourage may be objective, or even to professionals you do not know, to be sure of its objectivity.

Then if you are full-time or part-time, it is important not to stop everything for your project overnight, you will have to advance your project little by little next to your job. You will have to be sure of your financial complaint or strategy before asking banks, investors for your project. There may also be grants from your country or competitions that can help you get some money to show your credibility with the largest investor. With this money, you will be able to test at the beginning, create the company, create the name, create the brand and develop your business plan if it still corresponds to what you had planned before. However, everything depends on your business, whether your income will come sooner or later in time. If it is late, it is advisable to have a back-up to support you.

The last tip is to have a coach or mentor with you who specializes in what you do, who can help you because he or she will have experience and may have lived what you are about to experience and therefore will have advice for you.

Subscribe to our newsletter

If you want to be informed of tips and offers, let us know your email!

By submitting this form I confirm that I have read and accept the privacy policy.