10 Simple Steps for Starting a Business Today | Entrepreneur (2024)

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There's a saying that you have to "fake it till you make it," in life and in business. However, you also hear about wantrepreneurs. So what's the difference? The real difference to me is in the action.

If you want to get started, but you don't know how to begin from zero, here is a simple and effective approach. Follow these 10 step-by-step instructions to get started on your business today.

1. Write down your vision.

You can't get somewhere without knowing what the vision for your business and your life is. While the end result of your business will probably look a little different than your initial vision, you have to have the end result in mind to start. What do you want to do with your business? Try answering these three simple questions about your product or service and you'll have a business vision nailed:

  • What is it?
  • What do I get?
  • How do I get it?

2. Research your market.

This is such a boring step. There's no way around it. It's unsexy and it's in depth. It's for those exact reasons many well-intentioned first-timers at entrepreneurship will want to skip over this part.

Related: 5 Signs You're Ready to Start Your Own Business

Sure, you asked your family and a few friends and they say your idea is great, so you've got a market, right? Wrong. You need to look back at the questions that help you with your vision and drill into them again.

What is it, and more important for your research, why would someone want it? What do I get from you that I can't get from someone else or something else? How am I getting it and how is that delivery method better, cheaper, faster or easier for me? These are all helpful questions to see where the market is for your business and what pain points you'll need to solve for your market with your offering.

3. Create something you can sell.

If you can't solve a problem for your market, you aren't going to make any sales large enough to sustain a business. It's that simple. Make sure whatever your business is offering, it solves a problem, because you can market and sell the solution to that problem for a viable business.

4. Get a website.

Now that you've figured out your market and product offering, you'll need a website. It doesn't matter if you're a retail or online business, both need a website no matter what.

You don't have to spend a fortune on a website to start. Purchase a domain from a site such as GoDaddy or Host Gator. If you're handy with WordPress, you can install a theme for free or a small fee and get started. If you aren't handy with WordPress, use a build-it yourself, idiot-proof site-building service such as Weebly.

If you really don't want to deal with it, look to Elance or Odesk and outsource your website design.

5. Outline your automation.

These days, most businesses require some level of marketing and sales automation to really scale. You hear a lot about passive income, and getting your marketing and sales processes as automated as possible will help you maximize the opportunities for truly passive income. Even if you don't want a passive income business and are actively planning to market your business, you're still going to want things such as product registration, order tracking and purchases to have some level of automation. Examples include a thank you email, confirmation or upsell offer.

Think about the total user experience from visit to purchase on your site and outline what you think are good points for automated messaging or sales offers. Build it on paper ahead of time. Depending on the size of your budget and needs, look into the sales and marketing automation standard for small businesses, Infusionsoft.

Related: 3 Simple Ways to Gain an Unfair Advantage in Your Business

6. Set up a sales funnel.

If you don't need the robust offering of a site such as Infusionsoft just yet for your business, look at sales funnel-specific software programs such as Lead Pages or Click Funnel. These plug and play into email service providers and payment processing vendors and can be a nice option for small businesses just starting out until they're ready to scale to bigger platforms.

7. Set up an email opt-in.

First, you'll need an email service, such as AWeber or MailChimp, or if you have Infusionsoft or another bigger service provider such as Marketo, email will be part of the platform already. Once you have your email service, you'll want to ensure there are plenty of places for people to opt-in to your email list on your website, on your landing pages from your sales funnel and anywhere else it's appropriate. The key to a great, scalable business is a healthy, robust email app.

8. Start a Facebook page.

Facebook is a great, free tool for spreading brand awareness and linking to your landing pages and website. If you create and curate really valuable content consistently, you'll build up a following that can help drive your business and your brand.

9. Create valuable, shareable content.

You can post your content on your website, syndicate it through services such as Rebel Mouse and post to your own Facebook page. However, if you want the word to really spread, make sure each piece you post is easily sharable so you can build organic traffic and word of mouth.

10. Refine, tweak and improve as you go.

You'll never be done, but follow the previous nine steps and you should be on your way to establishing your business and your plan of action. As you implement each step, remember that you'll need to continuously learn from each part of the process to tweak and improve as you go. The more you learn and make corrections, the better your business will be positioned for success in the long term.

Related: 5 Things They Don't Tell You About 'Starting Up'

10 Simple Steps for Starting a Business Today | Entrepreneur (2024)

FAQs

What are the 10 steps to starting a small business? ›

Read on to learn about each step.
  1. Conduct market research. ...
  2. Write your business plan. ...
  3. Fund your business. ...
  4. Pick your business location. ...
  5. Choose a business structure. ...
  6. Choose your business name. ...
  7. Register your business. ...
  8. Get federal and state tax IDs.
May 3, 2023

What are the 12 steps important to starting a business? ›

12 Steps to Starting a Business
  • Conduct market research. ...
  • Write a business plan. ...
  • Decide on a business structure. ...
  • Create a budget. ...
  • Consider a name for your business. ...
  • Pick the right location. ...
  • Get the paperwork in order. ...
  • Open a bank account for your new business.

What are the 9 steps to starting a small business? ›

How to start a small business in 9 simple steps
  1. Do your research. ...
  2. Write your business plan. ...
  3. Consult with an accountant or attorney on your business structure. ...
  4. Get a tax ID number and register for state and local taxes. ...
  5. Set up your business finances. ...
  6. Get ready to accept credit and debit cards. ...
  7. Select your business location.

How to start a business in 10 days? ›

How to Build a Business in Just 10 Days Get a thriving company off the ground with this plan.
  1. Day 1: Write a business plan. ...
  2. Day 2: Study the market. ...
  3. Related: Meet the Artists Helping Companies Think in Pictures.
  4. Day 3: Create your brand. ...
  5. Day 4: Get your legal affairs in order. ...
  6. Day 5: Keep overhead low.
Jul 21, 2014

What are the 10 steps in the startup process? ›

10 Steps to Starting a Business
  • Choose your business idea. ...
  • Conduct market research. ...
  • Write a business plan. ...
  • Secure funding for your business. ...
  • Choose your business structure. ...
  • Register your business. ...
  • Apply for licenses and permits. ...
  • Open a bank account.
Jun 15, 2023

What are the 7 steps to starting a business? ›

How to Start a Startup
  1. Make a business plan.
  2. Secure funding.
  3. Surround yourself with the right people.
  4. Follow the right legal procedures.
  5. Establish a location.
  6. Develop a marketing plan.
  7. Build your customer base.
  8. Plan to change.

How do you start a business in 8 simple steps? ›

How To Start a Business In 8 Key Steps
  1. DETERMINE IDEA. You can't start a business without a good idea. ...
  2. SET EXIT EXPECTATIONS. ...
  3. RESEARCH YOUR MARKET. ...
  4. BUSINESS PLANNING. ...
  5. BUSINESS FORMATION. ...
  6. PRODUCT DEVELOPMENT. ...
  7. STAFFING. ...
  8. FUND RAISING.
Dec 30, 2013

What are the 7 steps of the business process? ›

The Seven Steps of Business Process Analysis
  • The Seven Steps of Business Process Analysis.
  • Step 1 - Define the Process. ...
  • Step 2 - Uncover Opportunities. ...
  • Step 3 - Measure for Success. ...
  • Step 4 - Analyze the Process. ...
  • Step 5 - Take Effective Action. ...
  • Step 6 - Establish a State of Control. ...
  • Step 7 - Monitor for Effectiveness.

How to write a business plan start a business in 10 steps? ›

How to Write a Business Plan: 10 Simple Steps
  1. Brainstorm and Draft an Executive Summary for Your Business Plan. ...
  2. Create a Business Description. ...
  3. Outline Your Business Goals. ...
  4. Conduct and Summarize Market Research. ...
  5. Conduct a Competitive Analysis. ...
  6. Outline Your Marketing and Sales Strategies. ...
  7. Describe Your Product or Service.
Oct 31, 2023

What are the 6 steps to starting a new business? ›

Here are six steps to get you started.
  1. Have a plan. First, create a written plan. ...
  2. Be prepared to fail. You will encounter challenges as you start and grow your idea. ...
  3. Do your research. It's always a good idea to know your competition. ...
  4. Get feedback. ...
  5. Have an online presence. ...
  6. Find your market.
Mar 19, 2020

What are the 5 steps of business? ›

Without taking these steps, your business could be doomed to fail before you even start selling your product.
  • Step 1: Conduct market research. ...
  • Step 2: Choose the right business structure. ...
  • Step 3: Register your business. ...
  • Step 4: Set up your accounting and bookkeeping system. ...
  • Step 5: Obtain the right insurance.

How do I start a business ASAP? ›

10 tips for starting your own small business
  1. Start talking to your potential customers — ASAP.
  2. Make sure your business model prioritizes revenue-generating activities.
  3. Make sure customers are willing to pay for the solution you offer with your business idea.
  4. Focus on one thing at a time.
Jan 9, 2024

What is 1 to 10 business days? ›

10 business days typically refers to a span of two weeks (excluding weekends and public holidays). It is important to note that business days generally refer to weekdays, which are Monday through Friday. So, when counting 10 business days, you would exclude Saturdays and Sundays.

What is the easiest business to start? ›

18 of the best business ideas to start with little money
  • Sell second-hand or vintage goods.
  • Start a candle business.
  • Sell arts and crafts.
  • Affilate marketing.
  • Monetize a blog.
  • Sell shoes online.
  • Sell books online.
  • Home staging.

How much money is needed to start a small business? ›

The cheapest businesses to start may cost as little as $12,000 initially, but other businesses like restaurants can run from $400,000 or more. The best way to determine your startup costs is to list all expected expenses and the dollar amount for each item.

Does the government give money to startups? ›

Some grants are available from federal agencies and others are available from state and local agencies. Here are some key grant programs for those looking for startup funding from the government: Grants.gov.

What are the basics for starting a business? ›

The four basics for starting a business are your business name, business structure, business registration certificate and all your other licenses. You must take the proper legal and regulatory steps in each of these four areas before you launch your business.

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