How to Start a Business in 8 Simple Steps

These are the basic first steps every new entrepreneur needs to take before starting a business

By | Renée Warren |

When it comes to launching a business, it’s easy to feel overwhelmed. 

There’s a lot that you can distract yourself with when getting a company off the ground and a seemingly never-ending list of tasks circulating in your head. There’s also a great deal of noise –things that’ll keep you busy but won’t move the needle in any way, which is often hard to evaluate as a first-time entrepreneur.

But it’s essential that you focus your attention on things that matter –aspects of your business that are pivotal to its success. Often, these things are forgotten about or pushed aside by first-time business owners.

In my 23 years in business and time spent coaching other entrepreneurs, I’ve discovered a few key steps that matter most when launching a company. With this in mind, here are eight steps that you’ll want to focus on –to get yourself off to the best start possible. 

1. Understand Your Time Commitment

First things first, you’re going to want to get clear on the amount of time that you’ll need to commit to this venture. You need to be realistic here, and make sure you’re willing to devote the time and resources that will be required to get it off the ground. Even if this is just a part-time gig to supplement your income, the time commitment for starting and growing a business is tremendous and is vastly underestimated. In the beginning, you’re excited and running on adrenaline because everything is new, but that excitement will soon start to fade. What’s left will be passion and dedication –so make sure you’re committed before you even start.

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