Steps to Starting Your Own Business in a Day

Starting your own business doesn’t have to be such a daunting process. You can start and run a successful business in just one day if you put your mind to it. Below are eight steps to starting your own business in a day.

8:00 a.m. - 8:30 A.m. Set Your Goals

Make a list of your lifestyle and financial goals for yourself. This list should include things like how much money you want to earn and how much time you want to spend with family. Be as specific as possible; it will help you choose business ideas later.

8:30 a.m. - 9:00 A.m. Identify Serviceable Markets

Now it’s time to figure out who your customers are. You should already know what niche you plan on serving, but if not, think of a list of potential business ideas. Try putting yourself in your customers’ shoes — what might they need? What would they pay for?

9:00 a.m. - 10:00 A.m. Choose a Business Structure

Depending on how you want to run your business, many types of business structures are available. The most common types include sole proprietorship, partnership, limited liability company (LLC), and corporation. You can also register your new business as a nonprofit corporation or a cooperative. Each of these structures has advantages and disadvantages that you should evaluate before selecting one for your business.

10:00 a.m. - 11:00 A.m. Open a Business Bank Account

If you need help opening a business bank account, look for an online bank. Many banks are going completely digital, so it’s easier than ever to open an account online, and it can often be done within an hour.

11:00 a.m. - 1:00 P.m. Make a Website 

Don’t expect your audience to find you on their own. Build a site that highlights your expertise and makes it easy for people to get in touch. You can build your website with WordPress, Squarespace, or Wix — which all have free basic templates suitable for small businesses.

1:00 p.m. - 2:00 P.m. Find Customers Using Paid Ads

Creating a website is only one piece of the puzzle in online marketing. Drive traffic to your website using paid ads to turn your site into a valuable revenue stream. Using Facebook or Google ads can get you customers right away. If you want to gain traction with customers, paid digital advertising is a great way to do it.

2:00 p.m. - 3:00 P.m. Hire Freelancers to Help

It’s quite easy to hire freelancers nowadays, as various platforms make it simple to post a job and hire help. It’s useful for entrepreneurs who don’t need a full-time employee but may need help with tasks.

3:00 p.m. - 4:00 P.m. Get the Tools to Help You Organize

If your business has multiple employees, you may experience an overflow of data. It’s important to reduce PDF file size in order to reduce the clutter by merging documents and arranging them in order.

Success

Coming up with a business idea and starting your own company can be a rewarding experience. In just a day, you can be on your way to success.

Visit your local chamber of commerce for more ideas on improving your business.