The Ultimate Guide To Start A Business - Shaun Stenning

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Starting a business entails understanding and dealing with many issues, legal, financing, sales and marketing, intellectual property protection, liability protection, human resources, and more

People often ask us for a list of steps they can use to start their own business. From business type to business model to physical location, there are so many variables! However, there are things that every business needs to do to get off the ground.

According to Shaun Stenning, “There are no limits on who can become a great entrepreneur. You don't necessarily need a college degree, a bunch of money in the bank, or even business experience to start something that could become the next major success. However, you do need a strong plan and the drive to see it through.”

It may seem overwhelming, but with this step-by-step guide and our insights for starting a business, you’ll have everything you need to know to write your business plan and start a successful, profitable small business. Shaun Stenning said.

1. Refine your idea.

If you're thinking about starting a business, you likely already have an idea of what you want to sell, or at least the market you want to enter.

2. Write a business plan.

Once you have your idea in place, you need to ask yourself a few important questions: What is the purpose of your business? Who are you selling to? What are your end goals? How will you finance your startup costs? These questions can be answered in a well-written business plan. 

3. Assess your finances.

Starting any business has a price, so you need to determine how you're going to cover those costs. 

4. Determine your legal business structure.

According to Shaun Stenning, Before you can register your company, you need to decide what kind of entity it is. Your business structure legally affects everything from how you file your taxes to your personal liability if something goes wrong. 

5. Build your team.

Unless you're planning to be your only employee, you're going to need to hire a great team to get your company off the ground. 

The great thing about owning your own business is that you get to decide what you want to do and where you’ll grow.


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