how to start a business

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The basic process you should go through if you think you want to start a business. Questions you should ask yourself. Reasons for going into business, business plan basics, and fundamental marketing considerations.

TRANSCRIPT

THE BASICS OF STARTING A BUSINESS - FROM SCRATCH.

How to Start a Business

Copyright © 2010 Vi Wickam.

Idea

Product or Service that is useful to other people?

What are your objectives?What are you passionate

about?Is there a way you can make

money doing this?

Copyright © 2010 Vi Wickam.

Job or Business

Do you want a business, or just a job?

Copyright © 2010 Vi Wickam.

Marketing Considerations

NamingColorsImageLogo

Copyright © 2010 Vi Wickam.

Naming

DescriptiveSpeaks to your AudienceTrue to who you areCleverDoesn’t infringe on Trademarks.com domain name available

Copyright © 2010 Vi Wickam.

Incorporate

What form is best for you? Limited Liability Company (LLC) S-Corporation C-Corporation Sole Proprietor

Copyright © 2010 Vi Wickam.

Business Plan

Keep it Simple (KISS)Basics and StrategyWhat am I providing?Who is buying it?How am I reaching

them?Who is my

competition?How much will startup

cost?How am I funding it?

Copyright © 2010 Vi Wickam.

Take Action!

Go for it!!!

Copyright © 2010 Vi Wickam.

Postscript … Systems

It’s better to have a business than a job.

Your business should rely on you less.

You will want to take a vacation at some point…

The sooner you put systems in place the better!

Copyright © 2010 Vi Wickam.

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