Starting a new business requires detailed planning and goal setting. You need external help to do required planning for creating a successful business.

Quick Sprout’s Lars Lofgren has shared a 23-step guide to starting a new business.

Lofgren says, “I’m not going to show you how to build or grow your business in this article. These are the practical steps necessary to begin operations.

First, define your business

1. Put together a very high level and basic business plan

Don’t overthink this. You just need to be able to answer two big questions:

  1. What do you need to do in order to get to profitability?
  2. How are you going to pay for the things that you need to do in order to get to profitability?

If you think long and hard about these questions, you’ll end up with a good starting plan. Be realistic about what it’s going to take. Do your research, and know your numbers. Put it all to paper, and the business plan will evolve into a useful tool and true north for at least the first 6–12 months”.

How to Start a Business: 23 Steps to Becoming Operational

Quick Sprout

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