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I am looking to start a bussiness what is the best thing to do first?

Hi! My name is Grace I'm 12 years of age I attend Pikeville High School I'm in 7th grade. Some hobbies that I have are Dance, Baking,and Gymnastics.I am attending a Verzion Learning Camp. #baker #entreprenuer

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Subject: Career question for you

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Lorie’s Answer

Hi Grace! So great to see such an ambitious 12 year old! There are more than 28 million small businesses in the United states making up a whopping 99.7 percent of all U. S. Businesses. The first thing you will need to do is a bit of research. Most likely you have already identified a business idea, so now its time to balance it with a little reality. In order to determine if your business idea will succeed you need to think about a few validation questions: Is there a need your your services/products? Who needs it? Are there competitors offering similar products/services? Who are your competitors? How will you market your business? Once you answer these questions you are ready to create a plan. Your business plan is the blueprint that will guide your business from start-up to growth. Keep in mind success doesn't happen over night. Use your plan to consistently work on your business and you will increase your chances of success. Good Luck Grace!

Thank you comment icon Thank you this very helpful grace
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Daisy’s Answer

Hi Grace, you have already been in the right place! I would suggest you to jog your ideas down on a notebook first: what are some problems you noticed that people are experiencing but there is no product / service to fix them yet. Identify the needs first and then create a plan base on it.
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