The easiest way to start a business is step one...find out what you are passionate about. This needs to be something you love as that is what is going to carry you through the tough times. Don't chase a trendy topic or area, find something you WANT to do and then package that.
Report Karl's answer
First and foremost, a clear mindset about the business you want to venture into. Make a decision to succeed amidst the challenges that will come for surely there will be one. Have a sound study about those in that same line of business especially in the area you plan to open your business so as to be able to know the areas to improve upon and gain a favorable advantage when you begin. And lastly know that it takes time to build capacity and trust. For the driving force for the success of any business is customer trust which is gained through efficient and effective delivery of service with good customer relationship accompanied by trust, respect, honesty and friendly character.
Report Anayo's answer
Don’t leave your job without a plan. Develop it in parallel with your current work. Insure that you are not moving into a field where your current employer has you signed to a non-compete agreement, a non-disclosure agreement or some other piece of paper you signed with your employment that would keep you out the business.
Then - follow your value system. Examine your talents, your attributes and your affinities and develop an idea for a business that you would enjoy.
Evolve your plan as you continue working for your current employer.
Give your start up idea the following test:
Do you have a product or service niche in mind?
Do you believe you have a market for 1 above and the means to reach it?
Are you willing to develop a business plan using the free tool kit linked below to validate 1 and 2 above before you launch?
If the answer to the above questions is yes than take the actions indicated, observe the results, then make an informed decision on whether or not to proceed.
When you launch if your plan risk analysis indicates high early challenges, phase into them gradually while retaining your present employment. As the business matures and your risks are mitigated, cut over to full time and resign your old position when you are comfortable doing so.
Report Kenneth's answer
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Report Dr Amanulla's answer
If you are to start a business below are the steps to take 1.know your passion 2.set your smart goal(cost and pricing,logo vision and mission) 3.have a target audience 4.make plan and execute your plan 5.follow up on customer perspective 6.have an active customer base 7.analyse your business
Report Paul's answer
Some of the answers above are most of what you need to know to start a new business..
Here's my tips : - You need to collect information of what the most sustainable business/ venture ahead (let's say for last 2-3 years); collect info of what kind of venture suit you, both complexity of business process and profit scheme; collect info of what kind of supply or support needed by your business - known your business type, was it consist a production or services. - be brave to take a baby step to start your business.