how to start a business

How to start a business

November 01, 20244 min read

Starting a business sounds exciting, right? You’ve got a brilliant idea, visions of success, and maybe even a Pinterest board full of inspiring quotes. But where do you actually start? Don't worry! Here’s a casual, step-by-step guide to launching your own business without pulling your hair out—or worse, draining your bank account.

Step 1: Find Your ‘Why’

Before you dive into business, ask yourself: Why am I doing this? This isn’t just about making money; it’s about your passion, your drive. Are you solving a problem? Offering something new? Or maybe you're just tired of working for someone else (hey, no judgment!). Knowing your “why” will keep you grounded when things get tough—and they will.

Step 2: Research Like Sherlock

No detective has ever solved a mystery without doing the legwork. Your idea might be awesome, but does anyone else think so? Start with some market research:

  • Who’s your competition?

  • Who are your customers?

  • What problem are you solving that others aren’t?

Google is your best friend here. Browse forums, social media, and even ask people (your friends count!) if they'd use your product or service. You don’t want to launch into a saturated market unless you’ve got a unique twist.

Step 3: Create a Business Plan (But Keep It Simple)

Look, we’re not talking about a 50-page dissertation. Your business plan should outline the basics:

  • What’s your product or service?

  • Who are you selling to?

  • How will you market it?

  • What’s your budget?

Think of it as your business GPS. You need direction, but you don’t have to map out every rest stop along the way. Keep it short, sweet, and flexible.

Step 4: Sort Out the Legal Stuff (I Know, Ugh)

Starting a business involves some grown-up responsibilities. It’s time to register your business name, pick a legal structure (LLC? Sole proprietor?), and grab any necessary permits or licenses. While this part isn’t exactly fun, skipping it can lead to headaches down the road—like surprise taxes or fines. Talk to a legal pro if needed, but don't let this step intimidate you!

Step 5: Secure Some Funds (Without Selling Your Soul)

It’s time to talk money. How much will you need to start? Can you bootstrap it, or do you need funding? If the latter, consider options like:

  • Small business loans

  • Investors

  • Crowdfunding (Kickstarter, anyone?)

  • Dipping into your savings (just make sure to leave enough for tacos).

You don’t need millions, but you need enough to get off the ground and cover at least 3-6 months of expenses.

Step 6: Build Your Brand (Yes, Even the Logo)

This is the fun part. Now that you know what you’re selling and who you’re selling to, it’s time to craft your brand. Think about your:

  • Business name (catchy, but not too quirky)

  • Logo (hire a designer or DIY with tools like Canva)

  • Website (you need one, even a basic one)

  • Social media presence (go where your customers are)

Your brand is how people will remember you, so put some effort into making it pop.

Step 7: Start Marketing (Before You're Ready)

Here’s a little secret: You don’t need to wait until you’ve launched to start marketing. Start creating buzz early! Post on social media, send teasers to friends and family, and get your audience excited about what’s coming. This way, you’re not launching to crickets.

If you’re feeling extra ambitious, start a blog, create an email list, or run a pre-launch campaign to attract potential customers before your big day.

Step 8: Launch! (But Don’t Expect Fireworks)

Okay, so the big day is here. You’re officially launching your business—congratulations! But don’t worry if your website doesn’t crash from too much traffic, or if you don’t sell out in the first week. It’s a marathon, not a sprint. Keep building, keep hustling, and adjust based on what works (and what doesn’t).

Step 9: Stay Flexible and Keep Learning

Once you’re up and running, things won’t always go as planned. That’s normal! Be open to feedback, pivot when needed, and keep learning. Whether it’s mastering Facebook ads, improving your customer service, or finding ways to cut costs, there’s always room for growth.

Step 10: Celebrate the Wins (No Matter How Small)

Got your first sale? Pop some champagne (or sparkling water, whatever floats your boat). Did you survive your first month? That’s huge! Celebrate every milestone, because running a business is hard work, and you deserve it.


Final Thought: Starting a business is like baking a cake. You might have all the ingredients, but without the right timing, a bit of patience, and some trial and error, you’ll end up with a mess. So take it one step at a time, don’t be afraid to fail, and remember to enjoy the ride. And hey, if all else fails, there’s always cake!

Ready to start your business? What’s stopping you? Let’s do this!

startupentrepreneursbusinessmarketingbrandingbusiness plan
blog author image

PivotPoint ActionCOACH

PivotPoint ActionCOACH

Back to Blog

CRAVING MORE INSIGHTS?

Stay in the Loop! Sign up for updates and be the first to know when we post—just 3-4 times a month.