Resources and Templates

What are the first steps to starting a business?

Are you serious about starting your business? A mentor can help guide you, but how do you know if you’re ready for a business mentor? Start by asking yourself these four questions about your business’s potential customers, competitors and costs.

Can you clearly describe your business idea in two minutes?

This is a crucial first step to starting a business.

Do you know what kind of competition your business will face?

A little research can go a long way.

Do you know if people are willing to buy your product or service?

Your business can only be successful if people are interested in buying your offerings.

Do you know how much it will cost to start your business?

Costs are perhaps the biggest challenge to running a business.

Do you already have a good understanding of the answers to these questions?

If so, then you’ve taken some first steps to starting your business. If you haven’t, spend some time working on them. Once you have a good grasp of the answers, you’ll be ready to find a business mentor.

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