Present Danger by Elizabeth Goddard

Helpful Tips For Starting Up A Small Business

With the times we are in many have looked at starting up small businesses from home. I personally started one up earlier this month with my mom. We have a small handmade jewelry shop. But one of the things I wish I had done was more research. It’s hard starting up a small business and I just wish I had, had more helpful resources. I recently came across an article that has helped me immensely so I wanted to share a few tips from it to maybe help you guys. 

The first one would be an Executive Summary - a business plan, market opportunity etc. I for some reason never did a business plan and this is a extremely helpful resource. 

The second would be what is actually their fourth tip. And that is knowing your market and doing an analysis of your costumer base. 

Thirdly, make sure you do an analysis of the competition. I chose to make handmade jewelry and all natural perfume which is a really hard thing to break into. There are SO many small businesses that do this and I didn’t think to see if there was even a space for me in this space. 

Are you thinking about starting up a small business but want to make sure you know everything you need to know? Then be sure to read this full article