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SBA: 10 Steps to Start Your Own Business

Small Business OpeningThe Small Business Administration writes that starting a business involves planning, making key financial decisions, and completing a series of legal activities. It lists 10 steps to take before launching your business, such as conducting market research, writing your business plan and funding your business.

If you have more questions or would like more help, at the end of the 10 steps the SBA offers information on where you can get free business help through its partner organizations, such as SCORE, Small Business Development Centers and Women's Business Centers.

1 Conduct market research.

Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business. Learn more

2 Write your business plan.

Your business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to convince people that working with you — or investing in your company — is a smart choice. Learn moreSBA

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