A quick guide on how to start a small business Online
Picture this: you’re working 9-5 every day, dropping the kids off and picking them up in between. Somewhere amid that, you’re cleaning the house and running errands. Your days are packed, and all you want to do is see your kids excitedly doing the egg and spoon race at their annual sports day.
Can you relate? Well, what if I told you that it’s possible to get rid of your 9-5 and regain some life flexibility with a small online business? As a woman who has done it herself, I can tell you that it’s entirely possible! So, whether you are dreaming of working in consulting or jewellery, you might find some value in my blog around how to start a small business online. Let’s start with 8 crucial steps on how to start a small business online.
7 steps leading you on how to start a small business at home
1. Outline your product or service
Creating a business is an exciting venture, but an awful lot of planning goes into a successful company. Start by doing a simple SWOT analysis (strengths, weaknesses, opportunities, threats), and you’ll have a good idea which areas need work.
2. Do a competitor analysis
Next, cast your net and check out the competition. Don’t worry if your idea is already out there – just means you need to be aware of how your competitors operate, how they spread their brand, and what makes them money.
3. Think up some brilliant USPs
USPs means `unique selling points`. These are points that make you different from your competitors. Think of them as reasons why customers would bother to buy into your product or service. For example, `100% organic` or `same day delivery`.
4. Create a comprehensive business plan
Successful small business ideas start with a business plan. If you need help with yours, get in touch with me, (Caroline) today.
5. Produce a mission statement
A company’s mission statement defines its culture, values, ethics, fundamental goals, and agenda[1]. Perfect to position on your website alongside your USPs!
6. Register your name on Companies House
An easy (and very exciting!) step; register your business on Companies House so it’s official. Go to https://find-and-update.company-information.service.gov.uk/ and check that your business name is not in use first. Then, go to the Companies House website and follow the steps on how to start your own small business.
7. Start a website to help market your product or service
How to start a small business blog
Most brands choose WordPress to start a blog, and for many great reasons! Check out Burst Creative’s blog on how to start a WordPress blog.
Need more help & advice? Contact our all-women team
If this blog has left you rearing to go and you’d like more advice on how to start a small business, get in touch with our lovely team today [Caroline Latus contact us page].
[1] https://www.investopedia.com/terms/m/missionstatement.asp
💬 Ready to get started? Explore The Freedom Roadmap—a 6-week program designed to help mums like you create their own £5k/month agencies.
👉 Follow me for tips and resources to build your dream business!
Instagram: @caroline_latus_coaching