How to Start a Company

by Contributor; Updated September 26, 2017

How to Start a Company. Got that entrepreneurial itch? Here's a quick overview to help you go for it. Go ahead, take the first step!

Items you will need

  • Fax Machines
  • Printers
  • Business Magazines
  • Internet Access
  • Business Cards
  • Desktop Computers
  • Investment Software
  • Spreadsheet Softwares
Step 1

Come up with a great idea.

Step 2

Test your idea with members of your target audience. If it flies, continue to develop it. If not, come up with a better idea.

Step 3

Write a business plan. (See Related eHows.)

Step 4

Raise money from your savings, friends and family, the bank, or the Small Business Administration (SBA) to launch the business. (See Related eHows.)

Step 5

Recruit a great team of people.

Step 6

Work, work, work to get ready for launch.

Step 7

Market your product or service to your target audience.

Step 8

Monitor your company's profitability, market share and other business indicators.

Step 9

Build your business steadily by staying in touch with what your customers need, monitoring competitive activity and adjusting your plans and actions accordingly.

Tips

  • Pace yourself. It is demanding to start a company.
    Use resources such as MBA students and the SBA to help your business. Have fun.

Warnings

  • Starting a business is risky. Have backup plans or savings to make sure you can stay afloat financially.