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What is the first step in starting a business?

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Answered: Wilson Michael 4 months ago
entrepreneur . Interested in politics,education,business,art,fashion.

nice question there.
first step to start a buisness is you should first evaluate why you want to start a business?
Before you jump into the action plans it’s important you understand why starting a business is important to you. The right mindset will set the stage and determine how far you’ll go to start and grow your business. Sadly, a lot of entrepreneurs get this wrong. They either start a business for the wrong reasons or do it for weak ones. When I ask my friends why they want to start their own business, answers read like this:
*For freedom to do the things I want
*To work at my pace
*Financial freedom!
*I want to answer to myself
It’s rare to hear people say I’m good at this and want to reach more people . Like I said, it’s possible to have the right ideas for the wrong or weak reasons. When the need to solve problems is the fuel for your want, you will sustain the momentum required to face the hurdles of the coming years.
then you need to Research and Map your business idea
To succeed at entrepreneurship, offering unique value is a necessity. It’s also important to consider the kind of product you have on offer, market, offerings of potential and existing competition, and growth in! market share. This information requires in-depth research. You might already have some promising ideas you’d love to try. That’s fine. There are chances you’ll fail at it. That’s fine, too. But your chance of failure is significantly reduced when you have the right information on feasibility, and your ability to carry this through. This is where idea mapping comes in. Before you share your business idea consider these questions.

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Answered: Bunu Helix 3 months ago
student

Pray to God about the business you want to start, then ask or evaluate the how the demand of the masses can be met, look at the geographical location and study wah they want and like then go in fully for it...

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Answered: doubra emmanuel 3 months ago

After you have your business idea, you will need a business name, because everything else depends on your name. Then decide on a location - home, leased space, purchased building - and go on to the legal and financial tasks.and then booom your capital

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Answered: Wahab Oriade 2 months ago

The first step is making your research on profitability and getting a suitable location for your business activities. You should then source for capital

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