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Easy Steps to Starting a Solid New Business - Here's what you need to get started and succeed. by Kevin Nunley When my house was built, whoever attached the front door put the hinges on the wrong side. Now, every time anyone goes in or out the door, it's ten times more awkward than it should be. Some day I'll get around to fixing that door. I can never seem to find the time. It sure would have saved me a lot of trouble if whoever had installed that door had thought through the placement and done a little planning. When it comes to building, whether it be a house or a business, it's a lot easier to prevent problems with planning than to deal with them once they've already happened. How many contractors do you know who show up on the job site to build a house with no plans, no blue prints, and no idea what they want to do? I'm going to cross my fingers and hope you don't know any, because building something without a plan is a sure recipe for disaster. So, if you're thinking of starting and building your own business, the only way to prevent problems later on is to use proper planning techniques today. The most effective and least expensive time to plan your business's future is before it has begun. And if you've already started your business, there is no time like the present to start planning for the future. The tips below will help guide you through the architecture phase of starting your business, enabling you to create a blue print for success: Phase One: The Idea Don't wait to start your business until an absolutely brilliant, mind blowing, never heard of idea pops into your head. Truly groundbreaking business ideas are rare, and you don't want to wait around for years before you get a real one to start your business. Most businesses are based on good ideas, and there are plenty of those to go around. Don't reinvent the wheel; just make it work better. Once you have your idea, find out who else is doing it, and especially how they are doing it. Then improve on their model. You can even talk to some of their customers and find out what they didn't find satisfactory about your future competitor, and what they think could have been improved. Then you can be sure not to make the same mistakes with your own business. Phase 2: Consult with the Experts Consulting with a lawyer, accountant, and business coach while still in the planning stages will prevent many challenges and frustrations later on in your business. These people can help you with the numbers of your business plan, and help you get your business in business without making the mistakes others do. Phase 3: Market Research Yes, the word research makes us all want to cringe. After all, how can you do research without arduous hours in the library, reading until your eyes are bleary and falling asleep on an open book? You can relax, because that scenario is not necessary for gathering market information. There are much better ways of doing market research than heading to the library: *Talk to local experts in subjects related to your business idea.

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