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And there are critical moves to make before you set up shop.
These are the nine things to do nowif you plan to start a business in 2025.
Ask yourself, Who is my target customer, and what problem am I solving for them?'
The clearer and more precise your idea, the simpler it will be to pursue your vision.
Research Your Industry
Starting a business is the ultimate form of self-investment.
Treat your business even more seriously; research every aspect of the industry youre breaking into.
Spend time researching your industry, understanding your competitors and identifying what makes your offering unique, Belilty said.
The more groundwork you do now, the more prepared youll be to launch successfully.
Be sure to know the ins and outs of your business model and the regulations that may affect it.
Will you start as a sole proprietor, an LLC or a corporation?
Each haspros and conswhen it comes to liability and tax requirements.
Ask for feedback, understand their pain points, and adjust accordingly.
If you have any housekeeping to do there, get on it now.
Start saving now or work on improving your credit score if you need a loan, Gassoul said.
Networking is something you’re free to start long before your official launch, Gassoul said.
Attend industry events, join online communities or connect with people who might becomecustomers, partners or mentors.
Building relationships early on can help you gain valuable insights, feedback, and even potential funding.
Build a Pre-Launch Marketing Strategy
Before launching your business, strategize how to market it.
Youll need to be one step ahead of the game, with apowerful marketing plan, for succeed.
Start thinking about how youll create buzz for your business before it opens, Gassoul said.
Building an audience in advance helps generate excitement and gives you a head start when its time to sell.
Get in the mindset to handle curveballs.
While it can be incredibly rewarding, you may be surprised by the less fun parts.
Think about growth from the start, Belilty said.
Even if youre launching small, consider how youll scale your business when the time comes.
Will you need more staff, larger inventory, or different systems?
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