How Do I Start?

Action Steps For Starting Your Own Business

Determine if you are ready for entrepreneurship

• Understand the risks & rewards
• Be honest about your personal strengths & weaknesses
• Test the viability of your business idea
• Get experience in your future business field

Build a group of competent advisors

• Banker, attorney, accountant, experienced entrepreneur, etc.

Research ~ Research ~ Research

• Develop a written business plan
• Understand the financial needs of the business
• Know who your customers will be & how to attract them
• Understand the legal & tax requirements for your business Learn how to price your products and/or services
• Recognize the importance of your business location
• Be willing to be a continual learner
• Ask for help when needed

Assess & strengthen your business skills:

• Organization & management
• Accounting/recordkeeping
• Sales/marketing/promotion Human resources

Internet & Technology

• Look into developing a web site