Essential for Starting a Business

1. Examine your goals and expectations before you decide to become your own boss.
   • Lifestyle Change: Many people find that while they can make a good income working for other people, they are missing some of life's precious moments. With the flexibility of small business ownership, you can take time to stop and enjoy the movement of your life.
     
   
   
   • Respect: Successful small business owners are respected, both by themselves and their peers.
   • Money: You can get rich in a small business, or at least do very well financially. Most entrepreneurs don't get wealthy, but some do. If money is your motivator, admit it.
   • Power: When it is your business, you can have your employees do it your way. Don't be surprised if power is one of your goals. If it is, think about how to use this goal in a constructive way.
     
2. Choosing the Right Business - Than choosing 1st business witch is in your mind, take time to find a business witch will personally satisfying and profitable.
   
   
3. Realise your Financial strength - Estimate the financial needs for this business and understand
   
   
4. Identify & Understanding your competitors - It will ensure that you have a strong position in your business, do a search on internet, read related magazine & newspaper or you can simply look around the street. Researching who your competitors are and understanding the differences between their way of doing business and yours will motivate you to constantly improve and adjust your business strategy. Your product needs to stand out from the others in order to succeed, and to do this you need to take advantage of weaknesses you find among your competitors.
   
   
5. Realise the Cons and pros of this Business
   
   
6. Find Out Local Business Rules
   
7. Write a Business Plan - Business plans are often written by business owners who want to borrow money or attract investors. This will bring together in one document the key elements of your business. These include what products or services you'll sell, what they'll cost to produce and how much sales revenue
   you expect during your first months and years of operation.
   
   
8. Choosing the right name for your business - Now a days choosing a name is not that easy, you have to keep several things in your mind. Is my company name is unique? is it giving right impression to my customers? is it easily memorable? is that name's domain is available on internet?
   
   
9. Company Registration / formation - Register your company legally in government body, it may be very from country to country.
   
   
10. Give a meaning in web for your business ( Choosing a domain name ) - Soon you name your company, the next thing you have to register your domain name, Connect with social media like Facebook, Twitter, Youtube etc.
    
    
11. Branding - Consider branding your company with unique, Memorable & Fashionable logo, and also brand your website.
    
    
12. Find your own marketing strategy - Analyse how other similar companies doing there marketing activities and then find your own way to do successful marketing.
    
    
13. Final... Get your family members & friends also involved in the business and have fun together working for its success!