User:Sencuk/Sample page

= ''' What does it takes to start a business? ''' =

Starting a business in the United states starts as an easy thought that goes through dramatic changes before it becomes a viable option and a lasting business. A business serves a purpose like providing a product or service, and more importantly helps the economy by suppling jobs and a resource to cycle funds from one to another.

This all sounds simple but then why doesn't every person start a business? It's because it's a lot of hard work. Business owners work tirelessly day and night to succeed. The smallest of mistakes could destroy everything worked for over years in a matter of days. Starting a business from the ground up is a constant uphill battle against corporate giants and financial instability.

Step one - The Idea
The first step is to come up with an idea. Not just any idea but an idea that has a high enough profit margin to provide a stable income for yourself and others. Any business that makes enough to only pay for one person will never outgrow a 9-5 mentality. The product or service you provide needs to be ones that pays well and something people want.; Not just something one person wants but something that many people want.

The idea needs to be longer lasting than the latest trend. Trends like Cheeto Lip Balm just don't last like grocery stores, tree care, or home remodeling. The idea needs to be wanted again and again and again. Prime examples are entertainment, consumables, and services people just flat out don't want to do or are unable to do on their own.

Tell everyone
Once you have your idea figured out, EVERYONE NEEDS TO KNOW! No one can buy your idea if they don't know about it. Word of mouth is free and a perfect start to a new (and likely broke) entrepreneur. So tell your friends. Tell your neighbors. Tell the random people at the store. Tell people at parties. Tell people every chance you get. This will likely help your sales and giving your business some much needed criticism. Cheap ways to make sure those potential clients don't forget about you is to start giving out business cards.

As sales progress past the point of having to work a job to pay the bills and build the business, you'll need better ways to get your ideas to new customers. As soon as your heard of, a person is going to look you up on the internet. A website is not something your business can afford to hard in this technological age. Websites can be built by yourself through a third party company for little to no money out of pocket. Consider a website like the virtual real estate of the internet. It needs to be informative about your idea and potentially offer a way to buy if possible.

Advertise in anyway your can think of. Put out bandit signs on every street corner. Hand out business cards. Make a page about your business on social media. Wear a shirt with your logo on it. Fly a banner across the sky. Literally anything to get a stranger to think about your business.

Don't forget about Uncle Sam
In order to have a legitimate business you have two things that must be completed. The business must be registered with the IRS to get a ein number and establish your business officially. And secondly you have to pay taxes. I know taxes can seem like a real hindrance, but if you want to grow to be successful, you have to play the game with the laws in place. Consumers and other businesses won't take yours seriously if it's illegal or might not want to involve themselves with you whatsoever if it's a risk to themselves.

Spend it or lose it
Long lasting corporations don't save every penny extra that is made. Saving all the profits for a rainy day is bad idea. A successful business must constantly grow or deplete. Just be care on what you spend the hard earned profits on.

First priority is going to be to make sure the business can run safely and efficiently. Adding new machines, buying in bulk, opening a warehouse, and hiring new employees are all part of a growing business. Making sure you spend your funds in the right about for each of these is crucial. Without a place to store products and the right tools and people to sell them, you'll be heading back to the unemployment office in no time.

Once your idea has grown into an automated machine, you can't stop there. Every business has slow and fast times of the years. Often years between the trends of the market. It is in your best interest to invest in other sources of income to ensure that your business can never collapse. Safest ways to financially insure your business are routes like wholesaling real estate to turn into rental properties, mutual funds, and starting another business of course.

Lastly, retire on the millions you proudly earned. Congratulations!