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3B Building Your Info Business

3B Building Your Info Business
Jan 20, 2022 · 48m 42s

1. If you're thinking about starting a business, you likely already have an idea of what you want to sell online, or at least the market you want to enter....

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1. If you're thinking about starting a business, you likely already have an idea of what you want to sell online, or at least the market you want to enter. Do a quick search for existing companies in your chosen industry. Learn what current brand leaders are doing and figure out how you can do it better. If you think your business can deliver something other companies don't (or deliver the same thing, only faster and cheaper), or you've got a solid idea and are ready to create a business plan. Define your "why." "In the words of Simon Sinek, 'always start with why,'"
2.
Once you have your idea in place, you need to ask yourself a few important questions: What is the purpose of your business? Who are you selling to? What are your end goals? How will you finance your startup costs? These questions can be answered in a well-written business plan. A lot of mistakes are made by new businesses rushing into things without pondering these aspects of the business. You need to find your target customer base. Who is going to buy your product or service? If you can't find evidence that there's a demand for your idea, then what would be the point?
3.
Starting any business has a price, so you need to determine how you're going to cover those expenses.
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Author Elida Goma
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