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 Tips to Starting your Own Business


The 9-to-5 grind can make you feel like a just another cog in the corporate machine, constantly punching the clock for someone else's vision.  One day, while dreaming of the world outside the cubicle, you have your big "Eureka!" moment-you've come across an idea so perfect that you need to start your own business around it.  

Coming up with the idea is the easy part.  Now, you're thrown into an entrepreneurial world where even the experience businessperson can feel overwhelmed by all the details. 

It's hard to know where to even begin.  So here are some tips to starting your own business:

-  Craft a primitive budget:  do you have enough capital to get this idea rolling?  First things first, figure out roughly how much it'll cost you including all expenses, and where that money will be coming from.  Call in favors from everyone you've even leant money to in the past in need be.   

-  Does the business world need you?:  is there a large enough demand for your product?  Ask around before even attempting to start your business-check with similar businesses in the area, or around the country.  Find out how they started, and what kinds of clients they target, to get an idea of where you'll fit in the market. 

-  Create a strong management team:  your team members should share your vision of the business, and a certain amount of proficiency and credibility.  Rely on your connections to find the perfect people for the jobs that will bring their expertise to the business.  Remember that you will eventually have to set aside your ego and let them control certain aspects of the company, so your have to feel comfortable around your management team. 

-  Start small:  instead of immediately trying to market your product to 5,000 companies at once, focus on a few dozen specialized local companies to network with.  This way you can call them each personally, mail them your marketing materials, and then arrange a meeting.   

-  Quality matters:  you want to be able to set your self apart from all the other businesses similar to yours.  Having an eye-catching yet simple to navigate web site and presentation material is key to succeeding in the modern business world.  Creating quality marketing tools doesn't have to cost you a fortune either; consider hiring a design art or marketing student from a nearby university to help out.  You never know, you could even meet your next Junior Executive.     

-  Come up with a good business plan:  keep it less than 25 pages, and include information about your management team, who your customers as, and most importantly, why the world needs your business.  At this stage in the game, don't over-focus on the financial side of things yet.  A business plan outline can be found at http://www.sba.gov/starting_business/planning/basic.html.

For more tips, including an A-to-Z guide to starting your own business, and 21 ways to draw customers in, go to www.entrepreneur.com.   

Jessica Klein is a member of the 'Mount Real Research Team', whose aim is to seek out and distribute business information to the virtual public.  She is a freelance writer based in Montreal, Canada who loves writing about anything from accounting to zebras.


Todays News by officejax free advertising and ad exchange solutionsMORE RESOURCES updated Wed. May / 22 / 2024
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Home Remedies for Atopic Dermatitis - Eczema  Health.com

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Natural Treatments for Alopecia Areata  Health Essentials

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Home Remedies for Cold and Flu Symptoms  The New York Times

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Effective home remedies to prevent heat stroke  The Financial Express

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Advancing Health webinar: ENT home remedies - myth versus fact  Nebraska Medicine

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5 Home Remedies for Atopic Dermatitis Itch  Everyday Health

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7 Effective Home Remedies for Dry Scalp  WION

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Home Remedies for Ear Infection: 5 Methods to Try  Health.com

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Home Remedies for Allergies — Natural Allergy Relief  Prevention Magazine

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Hemorrhoids: Self-Care and Home Remedies  Health.com

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8 Home Remedies For Sunburn Recommended By Dermatologists  Forbes

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11 Science-Backed Natural Home Remedies to Lose Weight  AARP

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Natural Home Remedies for Migraine  Health Central

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7 home remedies to stop acne and pimples, get clear skin  Moneycontrol

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Sore throat? Try these 5 home remedies for relief  Medical Xpress

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Can Soaking Your Feet in Hot Water Relieve a Migraine?  Health.com

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Natural remedies might not be better – so why do we still prefer them?  The Guardian

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6 natural remedies to help with hair loss: Everything you need to know  ABC News

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Natural Remedies for MS: Supplements, Exercise and More  Health Central

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RSV Home Remedies  Health Central

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7 Natural Remedies for Congestion Relief and Stuffy Nose  Everyday Health

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8 Home Remedies That Help To Reduce Body Pain  Times Now

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The Best Home Remedies for a Sore Throat, According to Doctors  Well+Good

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Hemorrhoid Self-Care: 6 Easy Home Remedies  AARP

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Flu: Best Home Remedies and Natural Treatments to Relieve Symptoms  Everyday Health

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7 home remedies that can give relief from summer season itchiness  The Times of India

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Chronic kidney disease - Diagnosis and treatment  Mayo Clinic

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Trapped Gas: 7 Home Remedies For Immediate Relief  Forbes

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9 Best Home Remedies for Vaginal Itching, According to Gynecologists  Good Housekeeping

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5 home remedies to manage cough and cold  The Times of India

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5 simple and safe home remedies for colds  KSLTV

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How To Get Rid of the Stomach Flu: 7 Remedies  Health.com

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Best Life: Home remedies for dry eyes  Action News 5

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5 Home Remedies for Shingles  Health.com

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Spotted lanternfly home remedies may be worse than the bugs  Pittsburgh Post-Gazette

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Sure-shot Home Remedies To Get Rid Of Intestinal Or Stomach Worms  Times Now

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