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How do I start my own business. How invest and keep my business up and growing. And how do I also make my business world wide so that it can spread quickly and make my a ton of money.

How do I start my own business. How invest and keep my business up and growing. And how do I also make my business world wide so that it can spread quickly and make my a ton of money.

business money entrepreneur entrepreneurship business-development
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Subject: Career question for you
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Kaman’s Answer

Great to hear you are thinking about entrepreneurship. To start, besides the legal aspect of it (e.g. incorporating, doing the finances and taxes) the most important thing in my opinion is having a good team, and a good product/services that are needed in the market. So start to network, and find the right folks to join your team, especially in areas where you know you need more help. Marketing is of course important as well, and there are so many opportunities to push your products and services out there in this world with social media and etc. Be prepare to sacrifice something to push your business forward, whether that's time or a hobby, and be able to reprioritize your life in efforts to build the business.
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SK’s Answer

Embarking on the entrepreneurial journey of starting your own business is an exciting endeavor that calls for meticulous planning and execution. The first step is to pinpoint a promising business concept and carry out comprehensive market research. This will help you understand your potential customers and competitors better.

Craft a robust business plan that clearly outlines your objectives, target market, product or service offerings, marketing tactics, and financial forecasts. To fund your venture, consider tapping into personal savings, securing loans, attracting investors, or using crowdfunding platforms.

Invest in crucial resources such as cutting-edge technology, necessary equipment, and skilled personnel to lay a strong foundation for your business. To ensure your business thrives, make a commitment to provide outstanding customer service, consistently enhance your products or services, and stay responsive to market trends.

Harness the power of effective marketing tools like social media, SEO, and strategic partnerships to boost your brand visibility and draw in customers. If you're looking to take your business global, think about utilizing e-commerce platforms, forging strategic alliances, and venturing into international markets.

Place a high priority on scalability and efficiency to guarantee steady growth and profitability. Above all, remain resilient, adaptable, and proactive to overcome obstacles and seize opportunities that come your way. Success is within your reach!
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Rebecca’s Answer

Thank you for your question. I am glad to hear that you would like to be an entrepreneur. Have you thought about what industry you would like to start your business?
Below are my suggestions:
1. Think about what industry you would like to do your business, eg, something you have interest, you have strength, etc
2. Do some analysis on the industries, eg the entry criteria, competition status, any alternative or substitute?
3. Attend some industry related courses and management courses
4. Work in the industry some time to understand the operating model and establish people network
5. Establish the business online first if possible
6. Develop long term business plans and breakdown into short-term milestones. Review the plan regularly.
Hope this helps! Good Luck!
May Almighty God bless you!
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Katherine’s Answer

Hey! Check out this workbook (https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/2017/14678_sgmb_book_eng.pdf?lang=eng), as well as Ken Coleman's book From Paycheck to Purpose. They can help you answer this!
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