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What is step-by-step guide to starting a business?

Started by Madona, May 12, 2023, 11:13 AM

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Madona

If you haven't decided what kind of business to start, I'm going to assume that you want to create an online store selling only Kim Kardashian plush figurines. Now, let's go step-by-step to see what we need to do.

First, come up with a business idea. You decided on Kim Kardashian plush figurines because it is understandable, executable, and provides value to customers.

Choose a name for your business. While "K-Plush" sounds good, you want a more creative name. Ask friends, family, and others for suggestions. After brainstorming and waiting a few days, you decided on "K-Figs."

Protect yourself from legal issues by incorporating your business. Consider hiring a lawyer to help you with this step.


Design your product. Determine what your figurines will look like and what they will be wearing. Consider creating different figurines that appeal to different customer demographics.

Find a manufacturer. Research re-sellers that can create your product for you at a reasonable cost.

Assemble a team. You'll need a small team to help with day-to-day business activities, building the storefront, and sales.

Build your storefront. Create a website with clear calls to action, product descriptions, and an easy-to-use path to purchase.

Develop a marketing strategy. Create content that people want to read and share to build brand awareness.

Find distribution channels. Consider selling your product on other websites or in physical stores.