How to Build a New Business

Ready to build a new business but not sure where to start? Here are a few of our favorite tips on the business & marketing side.

1️⃣ Conduct market research

Market research is an organized effort to gather information about target markets and customers: know about them, starting with who they are. It is an important component of business strategy and a major factor in maintaining competitiveness.

2️⃣ Write your business plan

A business plan is a comprehensive road map for your small business’s growth and development. It communicates who you are, what you plan to do, and how you plan to do it. It also helps you attract talent and investors.

3️⃣ Choose a legal structure

Do some research into the best legal structure for your business. This will depend on your business type & any partnerships you have formed.

4️⃣ Prepare marketing assets

Begin to secure social media handles & domain names to ensure you are able to consistently brand your business across all platforms. You should also begin to look into your marketing team, & whether they will be internal or freelancers.

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