December 1, 2017

10 Steps For Starting Your Own Business

Do you dream about starting your own business? Do you have what it takes to be an entrepreneur? Are you ready to take a leap of faith and follow your passion? If you’re an aspiring entrepreneur, here are the steps you need to take to start your own business.

Young entrepreneur smiling and waving at camera while drinking coffee and working from laptop

According to SBA.gov, there are 28.8 million small businesses in the United States. Those small businesses make up 99.7% of all US businesses.┬áStarting your own business is no easy task, but people choose to do it all of the time. So what’s stopping you from taking the plunge?

How To Turn Your Passion Into Your Profession

When starting your own business, you’ll be faced with constant challenges, long hours, and lots of risk. It’s almost always easier to work for someone else, but the reward of working for yourself is often worth it. Regardless of what type of business you choose to pursue, every entrepreneur starts at the same place.

Below you’ll find the basic steps for starting your own business:

  1. Find Your Passion
  2. Define Your Business Idea
  3. Conduct Market Research
  4. Write Your Business Plan
  5. Establish Your Financial Plan
  6. Define Your Location
  7. Pick Your Business Name
  8. Take Care Of The Legal Side Of Things
  9. Grow Your Skill Set
  10. Open For Business

If you’re a hungry, driven, and motivated individual you will succeed as an entrepreneur. With the right idea, the proper research, and the ideal market, you can go form zero to hero quickly in the business world.

Should You Be An Entrepreneur?

In the process, you’ll constantly learn new things, push your comfort zone, and enjoy the independence of working for yourself. When you’re truly motivated, you’ll make things happen and that’s what it takes to start your own business.

For more info on becoming an entrepreneur, we always recommend that aspiring entrepreneurs start their research at JobMonkey.com. Bookmark this site and you’ll be one step closer to achieving your dreams.

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About this Author 

Derek Lennon is a skier and writer who lives, works, and plays in the mountains. He travels the globe in search of snow and adventure. Life has allowed him to live and work all over the world doing cool jobs and loving every minute of it.

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