Define start up? Verious steps involved in start up process
Answers
Get a bright idea.
You have to have either some experience with the idea or a way of finding out what you need to know about the type of business you want to start. In addition to having others show interest in the idea, you have to be excited about it, because you're going to be spending a significant amount of time and resources to develop it into a business.
Do your market research.
The first essential step is to research your potential market. Who needs what you are offering? Is there space for your product or service in the market or is the market saturated? Is the market national? Is it a niche? Can you define your ideal customers? These are all questions that need to be answered before you even consider starting a business.
Show yourself the money.
You can't start a business without capital. Determine what you have, what you will need and how you will go about getting it. If you plan to seek investor funding or financing, start writing a business plan and practice your pitch. Research the costs associated with your business. Know how much money you'll need and decide where it could come from.
