For the self-motivated, ambitious individual; starting your own business is the ultimate goal. Becoming your own boss and going it alone is a risk, but as with any walk of life, with risk comes reward.
Small business owners are the life blood of the economy. According to U.S census bureau data, in 2011 firms with fewer than 500 workers accounted for 99.7 percent of those businesses, and businesses with less than 20 workers made up 89.8 percent.
So what does it take to launch your very own small business? Rich Preese, the Vice President at Intuit believes taking on the challenge is not for the faint of heart…
“Starting a small business is never easy, particularly if you have zero experience in the industry. As a result, you’ll need tenacity and self-confidence by the bucket-load, as well as a tolerance for an uncertain future and risk of failure. What often distinguishes the successful SME owner is their genuine refusal to give up, a level of flexibility to try new ideas and a desire to continuously review and improve their model.”
So you’ve got a great idea, the right mentality and desire to succeed, all you need to do now is get started. Of course, for many this is yet another stumbling block, because… where exactly do you start?
Fortunately, the team over at Helloprint have created an infographic which functions as a step-by-step guide for setting up and launching your small business. From researching your market to promoting your business to the masses, the graphic covers all the essential stages necessary to give budding entrepreneurs the best possible start.
Sebastiaan Ram, manager of Helloprint UK explained why they put the infographic together…
“We work alongside small businesses everyday, and having talked to hundreds of SME owners, it’s clear that there is a lack of information out there about what you need to do when starting up a company. It can be daunting without the right information to hand. We decided to fill that void to hopefully encourage more entrepreneurs to ‘go it alone’!”
You can take a look at the infographic below. To all you entrepreneurs out there, we salute you.
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