The Ten Basic Steps of Starting a Business

March 2, 2007

Startup Nation has assembled a type of how to resource for starting a business entitled 10 Steps to Open For Business.

For each one of the ten steps below, the site provides an introductory audio clip, templates and example documents, and lists of resources such as web articles, seminars, radio shows, and featured stories of entrepreneurs.

  • Create a Life Plan
  • Choose a Business Model
  • Create a Business Plan
  • Select a Structure
  • Create Key Assets
  • Find the Funding
  • Organize Logistics
  • Find Great People
  • Establish a Brand
  • Market and Sell

Although this is a great resource, be warned it can be overwhelming if you try and soak it all in at once. I see running a small business as a marathon, not a sprint. You don’t have to go through all the information in one night. Instead, commit to working on it for a certain number of hours each day and after a while you’ll emerge with a well thought strategy and action plan for your new business.


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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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2 Responses to The Ten Basic Steps of Starting a Business


    The “find great people” is in many ways the most important of a business venture. I’ve been writing a business plan for the past month and half and having bad people makes it much harder to write. You need to surround yourself around people that want to accomplish the same goal and truly believe in the product or service you are trying to sell.


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