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1. Come up with your idea
Logically, you cannot start a business if you do not have a business idea. Look into your interests. If you work in an area your like, dealing with issues will be easier than otherwise. Think about what you are good at. See that your idea will be able to fulfill your goals - whether it be money, passion or simply being your own boss.
2. Research the market
Test the viability of your idea in the market and determine your target market, your potential customers, research your competition and your industry.
3. Pick the best business type for your goals
There is a plethora of different business types that you could start. Some that do not demand a lot of capital would be an online business, working from home, freelancing and franchising.
4. Craft a business plan
Keep concrete goals in mind. Focus on your target market and remember that you cannot please everyone. Craft the plan with concrete dates, deadlines and tasks. Once you are done, keep editing it as the situation changes.
You do not need a lot of capital to start. It is actually recommended that you try starting your business as low-cost as possible - use social media for low-cost marketing, for example. When you establish a steady cash flow, dwell into other options. Common financing options that you could try are bootstrapping, crowdfunding and microloans.
6. Choose the structure of your business
The structure that you choose will later affect your paperwork as well as the taxes that you are required to pay. Different structures of your business can be sole proprietorship, partnership, limited liability company, corporation, non-profit and cooperative.
7. Register your business
This is the final step in starting your business. However, you will have to research and ask around on your own since the procedure will differ from country to country depending on the laws.