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A successful small business must have 4 things in their corner ? product, market, money & people. Whether you're a startup looking for venture capital or you want to become a successful small business all on your own, there are a few basic ? but important ? components every business must have.
If you have a great idea, but you're not sure where how to get it off the ground, start with this checklist. Perform market research. ... Test your concept. ... Work on your pricing model. ... Build a business plan. ... Work on your sales pitch. ... Find funding. ... Decide on a business structure. ... Get the right licenses and permits.
How to create your checklist Step 1:Do a ?brain dump? ... Step 2:Organize and prioritize tasks. ... Step 3:Put them on your to-do list. ... Step 4:Check off each item as you complete it. ... Step 5:Continue adding items as they come up.
17-point checklist for starting a business Define your unique selling point. ... Find a business mentor. ... Create a business plan. ... Register web domains and trademarks. ... Set up your business structure. ... Ensure that your business will eventually be profitable. ... Set up a business bank account. ... Arrange business insurance.