how to start a business
1. Start with a Good Business Idea If you’re wondering how to start a business, it may be easier than you think. Like other successful businesses, you’ll want to make sure you have a good idea first. From there, you can build a product or service that solves a need for consumers. But before you jump into anything, you’ll want to make sure you do your research. This is crucial, because only an estimated 79.4% of companies survive their first year in operation. 1 So, whether you’re starting a business in retirement or just looking to earn more cash, you’ll want to find the right startup growth strategies . Don’t be afraid of being a sole proprietorship and starting your company on your own because you can always grow and hire employees later on. 2. Conduct Research About Your Business Idea Once you have your small business idea, your next step is to see if it’s worth pursuing. To do this, rely on market research and be sure to analyze your competition. This will help you gauge your
