Starting a business can be hard work, but breaking down the process of launching your new venture into individual steps can make it easier. The following steps explain how to start your business, helping you transform it from an idea into a reality.
How to start a business
Small businesses make up nearly all U.S. companies — about 35 million as of 2024, according to the Small Business Administration. They employ almost half of the private workforce and drive much of the nation’s growth. If you’re ready to join their ranks, the steps below will help you get started on the right path.
1. Refine your idea.
If you’re thinking about starting a business, you’ve got to start with a great business idea. The challenge lies in turning an idea into a product or service.
Start by asking yourself a few important questions:
- What is the purpose of your business?
- Who are you selling to?
- What are…
