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- To run a small business, you need to123:
- Know who your customers are and what they need most from you.
- Develop a strategy for marketing and advertising.
- Hire great people to work for you.
- Keep your budget in check.
- Constantly challenge yourself to learn new things or embrace new technologies.
- Conduct market research to understand your industry space and competition, and to target customers.
- Write a comprehensive business plan, outlining the company’s structure, vision, and strategy.
- Secure funding.
- Pick your business location.
- Choose a business structure.
- Choose your business name.
- Register your business.
- Get federal and state tax IDs.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Running a successful small business starts with knowing who your customers are and what they need most from you. It also includes having a well-developed strategy for marketing and advertising, hiring great people to work for you, keeping your budget in check, and constantly challenging yourself to learn new things or embrace new technologies.www.thebalancemoney.com/how-to-make-your-sm…Key Takeaways
- Entrepreneurs seeking to develop their own business should start by conducting market research to understand their industry space and competition, and to target customers.
www.investopedia.com/how-to-start-a-business-79…10 steps to start your business
- Conduct market research Market research will tell you if there’s an opportunity to turn your idea into a successful business. ...
- Write your business plan Your business plan is the foundation of your business. ...
www.sba.gov/business-guide/10-steps-start-your-b… - People also ask
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