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8 Steps to Starting Your Own Business

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Do you want to provide a service or a product? Who will buy your product or service? If you don’t have time to perform the research or would like a second opinion, there are people you can go to for help, like government departments and your local SBDC. Limited Liability Company (LLC). What are your skills?

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Starting Up Your Business: First Steps

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Before you invest too much time and money in to your business you need to establish if your product or service will be in demand. Research the market by: Looking at competitors: Do they have a similar product or service? There’s no point in developing the end product if it isn’t profitable. Financial forecast.

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How to Start a Business in a Month – #30DayChallenge

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And, depending on the business you start, there may also be various government incentives. A sales forecast. Market research is important because it will help you figure out whether or not there is demand for the service you’re offering or the product you’re selling. Gather information from government sites like the U.S.