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5 Steps To Starting A Business

Wednesday 10th July 2024



  1. Define Your Business Goals


WHY? It's important that you know the purpose of your business and what motivates you to start it.


WHAT? This question helps you establish what product or service you'll be offering. 


WHO? Who is your ideal customer or client? Pay attention to specific demographics such as age, location, or income. 


HOW? Describe steps that you need to take to develop a product or service. Establish how you will deliver it to your customers. 


2. Research Your Competition


Competition breeds the best results. To be successful, you can't be afraid to study and learn from your competitors. After all, they may be doing something right, that you can implement in your business to increase income. 


3. Stay Focused


The old saying 'Rome wasn't built in a day' applies here. Just because you open a business doesn't mean you're going to start making money. It takes time to build brand awareness, so stay focused on achieving your short-term goals, even if they seem small.  


4. Be Consistent


Consistency is a key component to making money in business. You have to keep doing what is necessary to be successful, day in and day out. This will create long-term positive habits, that will help you make money in the long run. 


5. Believe In Yourself!


When you believe in yourself, you can overcome self-doubt, and have the confidence to take action and get things done. 

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