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Business planning: how to start a business
LG
LG
Lorenz Guss, 20y experience in strategy, operations, and growth answered:

Conduct market research: Understand the industry, your target market, and your competition.

Create a business plan: Outline your business's goals, strategies, and financial projections.

Choose a business structure: Decide whether to register as a sole trader, partnership, limited liability company (LLC), or corporation.

Obtain any necessary licenses and permits: Check with your local government to see which licenses and permits are required for your business.

Secure funding: Explore options for financing, such as loans, grants, or investors.

Set up your operations: Establish your business location, equipment, and inventory.

Build your team: Hire employees or contractors as needed.

Market and promote your business: Use a variety of tactics, such as social media, advertising, and networking to reach your target market.

Remember that each business is unique and the steps you take to start your business may vary depending on the industry, location and your target market.

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