First Basic business Startup Lesson #1
Write Business plan
In this section we will talk about what a business plan is, how they can be very useful in making a great business and how to make a great business plan that will help you, your partners, investors, and team grow and run the business.
First of a business plan is there to explain what the business is, What the business provides, all the important information legal and important business information, marketing research, Suppliers lists, partners information and plans for the future.
A great business plan will be descriptive and have a lot of information in. the best way to tell if you have a good business plan is to look at factors like could i give someone this and they know how to run the business, does this tell me all the legal information about the business and does this help me make my business bigger and better every day, and finally does your business run solely without big issues.
Conduct market research
This is one of the most important starting stages. This will set the ground you will walk on, because if you don't have great market research and knowledge then your business will likely flop. We will teach you in this section, What research you need to do, how you can find the information and how it can be used to start a great business.
You should start by deciding who your target audience is. If it is businesses then you should look at what businesses you can help and if its people then you should look into what people of different ages or purchasing. You should then look at Businesses with the same target audiences and study and identify what they do to build their communities and clients/ customers, How they advertise and how they brand themselves. This will help you identify what you need to do in order to reach and engage with your target audience. This will also help you decide how you market your product or service.
Fund your business
There are many ways to fund your business/ idea so that you can turn your idea from a plan into a successful business. In this section, we will teach you, the different ways you can fund your business, and how to get the funds you need.
There are many ways you can do this the first is, Finding investors. This can be great for a business but you will have to give up a share of your company. But you are able to control what you need from an investor.
Secondly, crowdfunding can be a great way to get money for your project. All you need to do is have an idea that the public will love and is different from everything else. This is great for two reasons because you can gather a very large amount of funding and you can also build a community around your business this will be helpful for if you want to expand and develop in the future.
And finally, you could get a loan from a family member, friend or the bank. This is the easiest and most recommended if you are starting a small business.
Pick your location
Depending on the type of business you run or want to run will depend on how many people you will employ and the resources you need to complete the service or product production.
If you just have people working on computers then you can have your property anywhere you desire as long as you have space and you own the property.
If you have a full production process then you might need a factory or big warehouse for all equipment and staff.
Chose a business name
Your business name can be somewhat important. Because this will be how you are labeled. Business names can have meaning and represent a company in many different ways. So in this section, we will teach you the most important tips and things to consider when naming your Business.
You can use your own name or you can decide on a name with more meaning and something that represents the brand's movement and meaning.there are tools online that can even help you. You then need to check if the name hasn't been taken by someone else and then register or trademark the name.
Register your business
This will be different depending on the country you are registering in so it's best to check your government website for more information and a lawyer might be the best person to contact.
Marketing strategy
This is One of the most important section this is the one that will teach you how to make sales in different ways and what you need to do to make sales in the certain ways.
This is how you will make your sales and find your clients. You can network on LinkedIn. Or you can make content and build a community with Facebook, Instagram, twitter, youtube, twitch, podcast, SoundCloud, and crypto social media sites.
There is also the option to pay for people out of the office to find your clients and customers to make it 100 times easier if you need but that is not the recommended route.
And finally you can use product and service listings this is always best to do as secondary marketing because it will always bring you clients and customers but not many.