How to start a business in 10 steps without any experience : What is the most important step when defining how to start a business? The short answer:
If you are interested in knowing how to start a business with little money, and without experience, you must have a clear and concise plan of action to avoid making big mistakes. This is what this guide is about, to help you in this process in the most concise, honest and practical way possible.
My goal with this article is that you become a successful entrepreneur, that you maximize your resources to the maximum, and that you can start your business safely and reliably. Although this requires a great deal of your effort and work, I am convinced that, with what you will find here, you will have an important basis to start your business.
So if you ask me what you are going to find in this guide, my answer is that beyond learning how to start a business, you will find a realistic vision to create a company that fits beyond a traditional business plan, to your specific life goals.
In short, I want to teach you to start a business that fits your values, and not the other way around. I want you to start a business that generates income doing something that you are passionate about.
Reasons to start a business:
Before mentioning the reasons why you should start a business, let’s first evaluate the reasons not to do so:
It is, without a doubt, a more difficult path than working for someone else.
It requires taking quite a few risks, more than the common person is willing to take.
Requires initial capital to get started; among other extra variables, which could be considered excuses that reflect the fear of trying.
After looking at these difficulties innate to the world of entrepreneurship, I think there are still great possibilities to try and take the risk. So here are some compelling reasons that will convince you to make this important decision.
Have autonomy over your life :
What greater pleasure than being able to control a resource as valuable as time? When you start your business, you decide your routine, your work times, rest and productivity without anyone imposing or limiting it.
Higher risks, higher rewards :
There is no doubt that, on many occasions, you will have to make difficult decisions . Being in charge of a business demands these kinds of requirements.
However, the one who takes most of the profits from your good actions is you, and there is no greater satisfaction than that of earning in proportion to what is given, unlike a job, where this does not always happen.
You contribute to your community :
One of the biggest mentality changes that having your own business generates is understanding that the feeling of giving, of contributing, is one of the most rewarding, and an undoubted source of happiness.
Seeing how you improve the situation of people, both the lives of your workers and your impact with different foundations , is something unique that will fill you with emotion.
Develop yourself as a person :
When you take a risk and decide to learn how to start a business, inevitable changes in your mindset occur.
Being in charge of a successful company implies that you have to acquire new knowledge and skills; You will have to develop your emotional intelligence, you will learn to negotiate, among others that will make you a complete person in every way.
Pride to create something of your own :
Knowing how to start a business and run it is, in many ways, like having a child of your own. Very few things will fill you more with pride than watching your business grow and develop.
How to start a business successfully:
Once we have made clear the reasons why you should start a business, it is time for us to start looking carefully at the steps to start a business from scratch, without experience and in line with your life goals.
It is no secret that starting a business is not an easy task, however, this does not mean that it is impossible to achieve it; and even less today, when we have so many tools and information at hand to carry out your dream of life: to be successful entrepreneurs .
What will you find in this guide to start your business?
I think it is important to clarify what you are going to find in this article, in this way you land your expectations a bit and focus on those important aspects of the business.
With this article you will learn the following:
Find your business idea according to your skills,
Carry out a market study,
Define your business model,
Estimate costs and calculate a budget in a simple way,
Form your work team and,
Create a business according to your lifestyle.
Additionally, I want you to take into account the links that are found throughout this article, as they are necessary complements for your learning of how to start a successful business.
Let us begin.
1. Discover or define your skills:
Skills to start a business
Most young entrepreneurs are not entirely clear about what they want to do, even when they want to learn how to start a business , they have doubts about which business to start.
So if this is your case, and you are not sure what you want to do, the first step you should take is to identify your own skills.
Ask yourself, what are you good for? Or what do you excel at? The answers to these questions will help you define a path to follow at least in the first instance, which is very important when defining what business you are going to set up.
The objective of this first point is to discard those business ideas that are not aligned with your values, principles and that require certain skills that you are not interested in developing.
Here’s an example: Imagine that you want to learn how to start a fast food business, but cooking has never caught your eye, you don’t know how to cook and you’re not interested in learning either, do you really think you’ll end up being passionate about this gastronomic venture? Most likely not.
2. How to choose your business idea:
how to start a business ideas
Before sharing with you a method that helps you define your business idea, I would like to tell you a little story:
A few years ago I had no idea what to do in my life, as I tell in the ebook From Zero to Blog , I wanted to do something different with my days beyond looking for a stable job, however, I did not know what the path was. that I should take.
Around those days, I signed up for an entrepreneurship course, and one of the tasks assigned to me was to create a blog …
That day, I remember, was when many of my questions found their answer, that day I knew that my path, without knowing what the result would be like, was to create that blog and give my best.
From that day on I have worked to build and improve Entrepreneurship Stories, it has been a work of much learning, lessons and satisfactions, it has been years in which I have been building my passion, a business and a life project.
Why am I telling you this? Jeff Bezos , the founder of Amazon, states that “you don’t choose your passions, they choose you.”
I think that in this matter of defining a profitable business idea , you should be alert to those things that interest you, and if something moves you inside, be willing to give yourself the opportunity to try it, since you will never know what the result will be like. .
The challenge of defining what business to undertake:
This is perhaps the point that generates the most difficulty among entrepreneurs. Surely you are thinking about how to start a business, what idea to develop, or how to make money doing what you are passionate about.
However, you cannot identify something that may interest you. You simply want to follow your passions, but you also don’t have the slightest idea of what yours can be.
And yes, you may have some interests, but it scares you, since starting a business around one of them ends up ending your liking for it.
The toads in entrepreneurship:
So what should you do? Simple: You will have to kiss a lot of toads before you can find your prince, or that business idea reigns.
In this analogy, toads are all those interests that you can develop in your spare time, and your prince will be the job or business you love, independence from the corporate world, and your financial freedom .
You must be willing to start something different from your job, or your current situation. You must be willing to fail, make mistakes, learn from them and more importantly, try different options that help you narrow your interests and build the right one.
In short, the objective of this first stage is to help you find what you are really passionate about, what you love to do.
Even if you have a shaky start full of doubts (something that will surely happen), the simple fact of starting a business from your job will give you the opportunity to practice and develop an imperfect business idea full of difficulties. .
Something that is essential for when the time comes to commit to something that you really love.
Method to define your imperfect business idea:
The first thing you have to do is forget about finding your perfect business idea because it will not happen in your first experience as an entrepreneur, or it will surely change over time.
After you are clear about this, here is a 20 minute exercise that will help you find which business to put according to your interests:
Write 5 things that interest you right now:
Take out a sheet of paper, open the notes application on your cell phone or a new document in Word. Write five things that interest you right now; write the first five that appear in your mind and please, do not be generic.
Instead of writing food, be specific with the type of food such as “chocolate ice cream,” “hamburger,” or “pizza.”
These things do not have to have interested you all your life, they may catch your attention or you have been researching about them recently.
Are you trying to be a vegetarian? Eat healthy? Write it down, so you think it is only a stage in your life. Believe it or not, this will help you with your search for what business to start .
Build a table:
Draw five columns; In the first one, you will write your five interests and the rest will be used to rate each one of them.
That is why in the first row you will have four metrics: a.) Related ideas, b.) Business ideas, c.) Platforms and d.) Degree of interest. Here’s an example:business idea table
Rate each of your interests:
A.) RELATED IDEAS:
Brainstorm each interest and creatively imagine ideas related to each of your interests.
If one of your interests is “sushi”; You could think of 5 related ideas such as: how to prepare sushi, what is its origin, how to make the sushi perfect, what are the ideal equipment to prepare it, the flavors and combinations, the nutritional information, which is the best for you and how put a price on it.
Write down each of the ideas that come to your mind every time you think of your interest.
B.) BUSINESS IDEAS:
In this second column you should think about how to monetize or generate income from this interest.
How are you going to make money?
Using the example of sushi; It could be writing an ebook about the best sushi restaurants in the world, creating a sushi blog and advertising it, selling sushi, or teaching people how to make it.
During this exercise you should consider two things:
1. Your target market: in the example of sushi; restaurant owners, culinary students, gastronomic travelers.
2. Potential income from this market: Culinary students may not be able to pay you for your services, and restaurant owners will, but they hardly will.
The most important thing at this stage of the exercise is to be as realistic as possible, since including fictional characters or optimistic considerations will not help you much.
Remember, the idea is to come up with a realistic answer to your question of how to start a business based on your lifestyle.
In this column you are going to write each of the platforms in which you think your interest can fit. Remember something, in case you already forgot:
What you are going to do, you will start today… so this doesn’t have to be perfect.
En el ejemplo del sushi, a la hora de considerar ideas de plataforma para tu interés, algo que sería muy alejado de la realidad sería abrir un restaurante; sin embargo, considerar la opción de un blog es mucho más acertado.
Si te gusta escribir considera un ebook, si te gusta hablar de un tema en específico, ¿qué tal un podcast en español?…no te gusta escribir, puede interesarte un canal en Youtube.
Independientemente de lo elijas, comienza hoy mismo y acércate a tu audiencia, construye una y ofrécele algo de valor.
d.) Grado de interés:
En una escala de 1 a 5, ¿qué tanto te interesa cada uno de tus elecciones?
Uno significa que te llama la atención, cinco que respiras, vives, investigas, lees, y tomas todo lo que se cruce en el camino que esté relacionado con este tema.
The more you are interested in it, the more likely you will become passionate about it, and that you will believe in what you are going to do.
After this exercise, you will surely have a winner. You will have found your answer to what business I can set up.
It starts today. Don’t wait for tomorrow, the next month, next year. It starts after closing this article and sharing it.
3. Focus on your product or service:
focus on your product
Once you have defined your business idea, it is time to start working on the development of your product or service.
At this point you will have to define the name it will have, its corporate or graphic identity, what your sales strategy will be like, which promotion and marketing channels are best suited to its requirements or particularities, and more.
For this you can use the Canvas Model that will help you identify the key and strategic points of the business. If you have no idea how to develop this point, these types of tools will help you a lot.
Execution, the key to entrepreneurship:
If you think about it, entrepreneurship is something you learn by doing, so if you have doubts about how to start a business, the day to day and the execution of your idea will teach you and show you the areas that you must master to carry out your project.
It is important to mention at this point that the most important thing in a business is execution. It is to start immediately. It does not matter if in the beginning you start with a work from home , what matters is to start. So define a name, a logo and start looking for clients.
Why am I telling you this? Because the reality is that many people assume that they are executing their business idea while spending months designing a good logo, a web page that they find beautiful and doing a lot of things that are not relevant at first, but that turn out to be great. way of postponing the real decisions that are needed in an enterprise.
So stop wasting time, and ask yourself what is really important. For example, start selling your product or service , looking for profitability as soon as possible, closing agreements with suppliers for your business, among other key points. So you learn how to start a business.
4. Thoroughly analyze the market:
Conduct a business idea study
Once you are clear about your skills, your interests, your business idea and the pillars of your venture, it is time to thoroughly study the market you are going to enter.
In simpler words, you need to know if there are users or clients interested in buying the product that you will develop, or in hiring the service that you will offer, since otherwise your business idea will not have a place in the market.
This happens a lot with innovative businesses , remember that it is not only about having an idea that has never been thought before, but about being clear if that idea really solves a problem for the people who are your potential customers.
Te pongo un ejemplo, si estás pensando en montar un negocio de cuidado de perros en tu casa, sería bueno que investigues cuántos vecinos tienen estas mascotas, y cuán dispuestos estarían de contratarte como cuidador canino.
La importancia de un estudio de mercado:
¿Cómo obtener esta información? Para ello puedes entrevistarlos personalmente, a través del correo electrónico, o de las redes sociales que tengas al alcance.
En el caso de tus vecinos, tómate el tiempo de salir por tu vecindario, caminar, conocerlos y conversar con ellos.
Si después de llevar a cabo tu pequeña investigación de mercado determinas que la mayoría no está dispuesta a poner a sus perros bajo tu cuidado, entonces lo más conveniente es que no sigas adelante con tu proyecto, y consideres otras posibilidades de sacar adelante tu proyecto.
No one said that entrepreneurship was easy, so you will have to face many challenges before finding the product or service that your target market is willing to pay for.
Now, regardless of whether you have a small business, use the tools and methodologies that you have at hand. By this I mean the market study , which gives you extremely valuable information regardless of the size of your venture.
5. Work on your business plan:
Entrepreneurship business plan
How to start a business requires that you learn, master and apply certain methodologies that will give a north to your entrepreneurship.
As I explained to you in the previous point with the market study, a business plan is another tool to which you must dedicate time and resources.
What is a business plan and what is it for?
In essence, it is a plan that describes the business you want to set up, together with all the activities and operations that you must execute to carry it out.
It is a formal document that includes the analysis of the external market, the evaluation of your direct and indirect competitors, the objectives you want to achieve with your venture, as well as its associated costs and income.
It does not matter that your initial idea is to start a small business, or have a job from home, you must prepare your business plan because this will be your work guide and will save you unnecessary annoyances or mistakes from an entrepreneur .
It is also important that you know that it can become the best cover letter for your project when you decide to scale it, and attract investors, so you better prepare it in advance and carefully.
The business plan is also known as a business plan and it must include the ideological structure of your business (name, mission, vision, values, competencies, etc.), as well as its mechanical, financial, environmental and financial structure. human Resources.
How to prepare it correctly? Here we explain step by step how to make a business plan , which includes an example that serves as the basis for developing yours.
6. Determine your business model:
Value proposition starting a business
The business model has to do with the segmentation of your potential customers, with the creation of the value proposition of your venture, with its possible sources of income, and of course with the distribution and dissemination channels that you will use to make yourself known. among the masses.
Within your business model you must include the cost structure of your business, the preparation of a budget and the estimation of resources that you will need when starting your business.
I invite you to review a little of these specific topics:
The costs of your venture:
I think I have been quite emphatic in the fact that, regardless of the size of your business, whether it is run from your home or in an office in the best sector of your city, it is important to apply those practices that increase the viability of your venture .
This happens with cost estimation, it is important to know, estimate and project the costs of your new business idea. When you do, you will have a clear financial picture; You will know how much capital you require to start and you will know the costs associated with your operation.
There are many entrepreneurs who conclude that this is not important, so they are not interested in learning how to keep the accounts of their business . Serious mistake since you will be depriving yourself of valuable information.
When you are judicious with the financial part of your business you will know:
The costs associated with your production work
The costs of promoting your services
The return on investment of your investments
Sales, collection cycles and outstanding debts.
As your business grows, you should hire experts in the matter, to start you can review some basic accounting books , attend non-financial finance courses or advise you in such a way that you can make sound decisions in this important area of your business.
Define a budget for your business:
Knowing how to start a business involves creating a budget, knowing its items and knowing how to make decisions based on it.
A budget allows you to know how much money you need to execute your projects, it tells you the money you have available, how much is invested and what your financial commitments are.
In relation to financial commitments, it is normal, when you are starting a business, that debts become an easily accessible source of financing to start your business idea.
However, as Paul Jarvis suggests in his book Company of One , you must seek profitability as soon as possible, from the first moment, and this implies getting out of debt and being sustainable without the need for external capital.
In the beginning, the income will not be recurring as you build your customer base. This is why by avoiding debt, you avoid the pressure of having to pay interest, which can lead you to make hasty decisions due to lack of liquidity.
Legal figure of your business:
Yes, how to start a business also has to do with legal, administrative and legal aspects. At least if you want to do it right.
I am not going to deny that this point can overwhelm you a bit, especially because you are working on your own, because you do not know about the subject, or even because you think that this is not important.
Here the fundamental thing is that you are well advised, that you consult which is the best figure that fits your business model, your idea and your projections.
For this you can consult with specialists, who will advise you on the type of regime or company (anonymous, a cooperative, a civil society, among others) that is best for you according to the regulations and laws of your country.
You may be thinking that a start you do not need this, and less if what you want to develop is a business from home. However, and you must be clear that if this idea does escalate you will undoubtedly need to give it a legal form to avoid legal setbacks.
Being prepared for growth is one of the secrets to creating successful businesses .
Investors in your business model:
At this point in the guide you must have defined what business you are going to set up, you have a budget, a model and a plan for your company. Ask yourself, do you really need investors?
Before going out to attract investors, or obtain loans for your business , ask yourself if there is the possibility of starting with your own resources, even if they are scarce, but that they give you the freedom to run your business according to your criteria.
If after making an objective and judicious evaluation, you conclude that you do need it, experts recommend that you offer a partnership to people who really believe in your initiative, and who are willing to work hard with you to achieve the business objectives that you have set for yourself. tracing.
Here the key concept is smart capital, that is, attracting money from people who, more than money, will provide knowledge, contacts and suppliers to which you do not have access.
If you follow this advice, it is very likely that you will develop a win-win relationship with your partners, and consequently your venture will escalate to unimaginable levels.
7. Start your business legally:
Legal figure of your business
Once you have defined how to start a business, what will be the figure that will represent it, and what will be your action plan, it is time to put in order the commercial, legal and tax procedures before the competent entities.
These differ from one country to another, but are generally known as the Chamber of Commerce, the Commercial Registry, etc.
Each of these bodies will require you to record a series of precautions depending on the nature of your undertaking, but in general terms they include patents, approval permits, or registration in the Mercantile Registry.
However, new technologies allow you to start a business from home by simply accessing the online portals of these institutions and following a few steps.
However, if you do not feel prepared to carry out this process yourself, it is recommended that you delegate these responsibilities to a legal or accounting advisor who has experience in the matter.
Important note: Although it is true that this point is not a requirement if you want to start from home, or something in your free time, it is something that you must take into account in your business, since at some point you will have to do it and this it involves money, time and knowledge.
8. Form a good team:
Business idea work team
You may be the only employee of your company at the beginning, but as it grows and diversifies, you will see the obligation to add allies in your path.
This means that you will need people to help you develop production, promotion, sales or collection tasks, so that your business continues to grow.
At this point, you must be careful when selecting people who make up your work team (this topic would need a complete article), since doing it lightly, or without having a clear basis, could take unnecessary risks that affect your business .
9. Work on the constant growth of your business:
Growth of your business idea
An entrepreneur will never have a last point, or a last stage, since if you really want to become a successful entrepreneur you will have to be constantly growing, learning, and innovating.
¿Qué quiere decir esto? Que no te conformes con unas ventas iniciales, con unos cuantos ingresos o con tu posición actual. Hazte preguntas del siguiente tipo:
¿Cómo puedes crecer tu base de clientes?
¿Cómo llegar a tus clientes de nuevas maneras?
¿Qué productos nuevos puedes crear?
¿Cómo mejorar tu servicio al cliente?
¿Cómo innovar en tu canal de ventas?
¿Cómo mejorar tu relación con los proveedores?
Las oportunidades de negocio y crecimiento son realmente inagotables. Tan solo debes valerte de tu creatividad y experticia para lograr las metas que te propongas partiendo del punto que te mostraré a continuación, y es definir cuál es la vida que quieres llevar.
Life is not about having businesses that completely absorb you, or worse, creating an enterprise that in the long term does not fill you, stress you out and you do not want to. To avoid this, pay attention to the last point in this guide.
10. How to start a business according to your life project:
How to start a business according to lifestyle
Although this should be one of the first points of this guide, I leave it last with the intention that, before you start and start, you ask yourself if what you have defined up to this point really fits your life project.
Before asking yourself how to do a market study, how to create a budget, or a business plan, ask yourself:
How would you like to live when you start your business?
I ask you this, because today we are driven by anxiety and a desire to succeed that tempts us to do whatever it takes to make money and supposedly “succeed.”
And to be honest, this guide not only wants to take you to this goal, but I am also interested in the way (the means) in which you reach this end. That is, it is not only what you achieve, but how you achieve it.
Starting from this, I want to leave you a series of recommendations that will allow you to learn how to start a business according to your lifestyle :
Establish your vision:
Your vision, or life purpose , is the map that guides the path you must follow, since if you don’t have one, you will be going in circles through life. When you write your vision, visualize yourself within it. Believe and feel your future to the point that if you close your eyes you can smell it.
If you are wondering how you are going to know what you are going to want in 10 years, remember that your vision is a living document that will change as you change.
The important thing here will be to let him guide each day.
Build goals for your life:
We all have a habit of setting goals only when it comes to business. But what about your life? Shouldn’t these be the primary goals?
Before thinking about the goals you want to achieve with your business, think about what life goals you want to achieve with your business.
SHARE ON TWITTER
Giving back is the only way to add value in the world. When we give, this multiplies us. It is a guarantee that you generate more prosperity when you give something selflessly. You can call it karma , or phenomenon of cause and effect.
When you think about your business, keep in mind those things in society or your environment that you feel deserve to change. Find a way to help with your entrepreneurship, either by supporting foundations , offering employment to people in vulnerable conditions, contributing part of your profits to some movement, among others.
Find the balance:
How to start a business requires long hours of work, mental demand, a great emotional commitment, among other situations inherent in the life of the entrepreneur.
Try to balance these situations with healthy habits , relaxing with friends and connecting with family and the people you love.
Strive to find that balance, there will be times when the pressure for a delivery deadline or an already acquired commitment will take hold of you and will make you stay out of your comfort zone for longer than expected.
So, find some time to rest after this great effort to recharge for the next push.
If you are playing life high, there will always be something even bigger waiting for you, so balance does not necessarily imply slowing down life but being in contact when necessary with what recharges your energy.
Fun should be part of your days:
Don’t forget to play. Make a commitment to yourself and your team that regardless of business, industry or responsibility, there is an element of fun in everything they do.
Live with gratitude:
Gratitude and love are the keys to success. Let your family, friends and employees know how much you appreciate what they do as often as possible. Your love is your wealth, do not accumulate it.
When you practice gratitude , you develop an abundance mindset that attracts new growth opportunities into your life.
Please start today:
I believe that with all the information that you have acquired in this guide regarding how to start a business you have what it takes to go out and make that dream that you have been putting off for so long a reality.
With certainty that if you follow all the recommendations and steps that you have just read, you will have what it takes not only to start a business, but to do it successfully.
No matter how many entrepreneurship courses you take, or how much bibliography you consume, in the end, there is no better teacher in this matter than the lessons and learnings that execution leaves you on a day-to-day basis.
However, the decision is yours. Decide if you want to start all those dreams and ideas that you have in your head, remember that you are only one decision away from changing your life forever.