Getting Started in Business Program
- Arnold Shields
- Sep 10, 2010
- 2 min read
Updated: Jun 18
Why Do You Want to Start a Business?
Before you dive into business planning, take a step back and ask yourself a foundational question: Why are you doing this?
People start businesses for many reasons:
Financial independence
Greater freedom and flexibility
A strong belief in a product or service
Passion for entrepreneurship
Whatever your reason, clarity here sets the direction for every decision you make going forward.
Define What You Want from Your Business
Before registering your business name or building a website, define the following:
What are your personal and professional goals?
What lifestyle do you want this business to support?
What skills and strengths do you bring to the table?
What are your weaknesses – and how will you address them?
As Michael Gerber says in The E-Myth, successful businesses are built on the business, not just in it. You must be willing to create systems, delegate, and build something scalable.
Choosing a Business Model
There are many pathways to business ownership. Some popular online options include:
Launching an eCommerce store selling clothes, books, shoes, or similar
Creating a paid membership site around a shared passion or niche
Becoming an affiliate and selling other people's products
Combining multiple revenue streams for diversification
Regardless of your choice, pick a clear niche and build a unique selling proposition (USP) that distinguishes your offering from the competition.
Online vs Offline – Why You Need Both
In today's world, every business must have an online presence. A basic website is not enough. To be competitive, you need:
A responsive website with integrated blogging
Email list-building tools
Social media strategy
SEO to attract organic traffic
Paid advertising and analytics to measure what works
Offline businesses also benefit from online tools to automate processes and reach new customers.
Invest in Education
The most successful business owners are constantly learning. The landscape is always shifting – from consumer behaviour to tax regulations. Commit to developing skills in:
Sales and marketing
Time management
Business planning
Accounting and finance
Final Thoughts
Starting a business can be one of the most rewarding decisions you'll ever make, but only if you go in with your eyes wide open. It takes planning, dedication and the humility to keep learning.
Need help setting up the right structure or planning your business financials? Contact Dolman Bateman, we’re here to guide you from startup to scale-up.
Disclaimer:
The information provided in this article is general in nature and does not constitute personal financial, legal or tax advice. While every effort has been made to ensure the accuracy of this content at the time of publication, tax laws and regulations may change, and individual circumstances vary. Dolman Bateman accepts no responsibility or liability for any loss or damage incurred as a result of acting on or relying upon any of the information contained herein. You should seek professional advice tailored to your specific situation before making any financial or tax decision.
