Starting a buisness takes time and effort. You have to have an idea and build on it, finance it, and believe in it or nothing will ever work out.
Reasearching your idea should also be a critical part of your plan because without researching you woulnd'nt know what to do or how to move
ahead with your plan. You can get other people to invest in your idea hoping that one day it will break through so that you ca make money off of it. The buisness plan should
be thought out and be ready to put into action. Another important part in starting a buisness is to have help. You need to have people who can take in your plans and
improve them. Another part of buisnesses is the competition. Depending on what type of buisness you have their are different types of competition that your buisness will
have to face.
Steps To Starting A Buisness:
1.Evaluate yourself. Why do you want to start a buisness?
2.Think of a buisness idea. Do you already have one?
3.Do market research.
4.Get feedback.
5.Make it official.
6.Write your buisness plan.
7.Finance your buisness.
8.Develop your product or service.
9.Start buildin your team.
10.Find a location.
11.Start getting some sales.
12.Grow your buisness.
In B.C there are different laws that apply to starting a buisness and there is a whole different set of steps to go through. Some of these include:
1.Deciding on or requesting a name for the buisness or organization.
2.Regestering the buisness in B.C.
3.Guide to federal Incorporation.
4.Obtain a buisness number.
5.Get a BCeID to access on-line government buisness services.
6.Develop a privacy policy.
What skills do you have?
Where does your passion lie?
Where is your area of expertise?
How much can you afford to spend, knowing that most businesses fail?
How much capital do you need?
What sort of lifestyle do you want to live?
It is easy to come up with an idea to start a business, but not so easy to actually launch and build a profitable business. Eighty per cent of businesses fail in the first
five years. When starting a business, there are important differences between starting from scratch, buying a privately owned business and buying a franchise.
This journey isn't an easy one, though: Starting a business requires a lot of time, effort and hard work, and many would-be entrepreneurs end up failing. But if your company
survives, the rewards are well worth the obstacles you'll face on the road to success. There's a lot to consider and plan before you launch, and it's important to prepare
yourself for entrepreneurship. If you think you're ready to start your first business, here's a step-by-step overview of what you need to do to make it happen.