How to Start a Business – Quick and Free Tips Part 2

In the last post, we shared some action-oriented, quick, and low-cost steps to get you started with your business. We continue that post today. Click here to see first post.

P.s. If you have no business idea, register here and complete “Mind Mapping” exercise in Module 2. You’re guaranteed to walk away with an idea!

Want to get started fast with your business? Here are the remaining steps you can take in a few hours:

5.  Develop your service packages, prices, and descriptions.

Below is my advice to our current business-woman who is starting  a business having to do with a niche of organization (think “Container Store” not “Organizational Behavior”). The below may not make total sense as you read it, because it applies to her business, but the idea is service/product packages with prices. Develop them!

Example:

a.  Prep/advance work – $500. Completed by consultant or client.

b.  In-home session -$500. Consultant and client together. Two hours and one travel.

c. Post session shopping/gap filling – Optional. Shopping trip. Averages $500.

d.  Maintenance  – Optional. Could be a group party where people bring and try on pieces, as well as the top things working for them in their closet. This should be a minimum of 5 people for $100 each, 2 hours.

6. Think about your top 10 tips.

The below is to get our new entrepreneur thinking about marketing her knowledge, and becoming familiar with blogging and site work. Here is what I told her: “Take pictures. Practice putting them on the site or the blog with text. Write it in Word in case you make an error.

• Advanced: Try using Picnik for your photos. Upload, and then edit. You can add text, frames, etc.
• Follow up: As is the case with an earlier tip, meet with a buddy to to work on this over coffee. A tech-savvy buddy can help you patch up what you’ve done and fill in gaps.
• Yes, you actually have to ask someone for help.”

7. Don’t freak out! You can do this!

Business can be enjoyable if you are doing something you love. Focus on THAT.

Stay tuned for our final post which deals with advanced steps, and fine print.

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More information

The NFIB Young Entrepreneur Foundation is a 501(c)(3) organization promoting the importance of small business and free enterprise to the nation’s youth. More information is available at www.NFIB.com/YEF.  The Foundation is associated with the National Federation of Independent Business; NFIB is the nation’s leading small business association, with offices in Washington, D.C. and all 50 state capitals.

Entrepreneur In The Classroom. The NFIB Young Entrepreneur Foundation Entrepreneur-in-the-Classroom (EITC) supplemental curriculum exposes students to entrepreneurship and the necessary steps to take an idea and turn it into a business. The free curriculum can be integrated into classes teaching a variety of subjects including music, art, fashion, business and many more. You must be registered to view the full Entrepreneur-in-the-Classroom curriculum.

Related links:

Follow NFIB Young Entrepreneur Foundation on Twitter

Follow NFIB on Twitter

Follow blog author Kathy Korman Frey on Twitter