What are the first steps to take for starting your own business?
I have an idea to create an educational platform. But I don't know where to start, how to register, what steps should I take? Please give me some advice.
Diana, hope you are fine.
Every business starts with an idea, even if it is absurd at first! The main point of all business is persistence (not stubbornness).
To evaluate if your business is viable, you must create at least a business plan, however before, collect market data, competition, if it is a physical location, research the taxes of cities/states, to evaluate potential places for your establishment. If it's online, you should learn a lot about how to differentiate your business and how to get users' attention to be directed to your site.
Some states have services that may be helpful to you. An example, here in Florida you have the Enterprise Florida that helps you to have a vision of your market, competitions, costs, etc. There is also SBA (Small Business Administration) that supports entrepreneurs.
There are several steps before your idea becomes a business and the more you can get data and make plans, it is better, do not leave things for later, you may not be able to recap what you left behind, so attention to detail.
So, some macro steps:
1) Know the market and competition
2) Create your differentiation
3) Create a business plan and review at least twice in a quarter
4) Create your supply chain
5) Review all and attention to details
Hope you can do it and get success... good luck!
Can you specify what you mean by "educational platform"? Are you trying to create something like Coursera, Khan Academy or Lynda.com? Do you have an original idea?
Who's your target market?
Have you researched or visited other educational platforms and if so, have you thought of contacting one of them that are in a non-related educational field? Since I am based in the USA, I am not familiar with the requirements of your country/city.
You may want to reframe your question to include the word Thailand. This will ensure you get responses from people who have the particularity you need.
Well, the very first step to take for starting your own business is market research. For this, you need to be aware of the market, what are the strategies being followed, what are the requirements being fulfilled, and what are the latest technology options available to aid you to automate and advance your business; so that you can formulate your business strategy according to the needs.
Here are some business trends suggestions that will help you become a success: https://cabstartup.com/business-trends-to-make-you-a-success/