Starting a business can be one of the most exciting yet overwhelming journeys you’ll ever take. If you’ve already Googled or YouTubed your way through the endless videos and articles, you’ve probably heard advice like “have a great idea” and “provide value.” But what about the steps in between? The ones no one seems to talk about—like when to file your LLC, how to handle taxes, and how to secure funding?
In this episode, I break down everything you need to know to start and grow a successful business, step-by-step. This blog post is your recap and roadmap to get started the right way.
Step 1: Validate Your Business Idea
It’s easy to get excited about an idea, but the first question you need to ask yourself is: Does this idea solve a real problem? Once you’ve established the problem and who it affects, it’s time to validate your idea through market research.
Identify your competitors.
Analyze their strengths, weaknesses, opportunities, and threats (SWOT analysis).
Understand your target audience and their pain points.
A great idea means nothing without demand. Do the research to make sure there’s a market for what you want to offer!
Step 2: Build Your Business Plan
A business plan isn’t just a formality—it’s a tool that forces you to ask yourself the hard questions.
What are your strengths and weaknesses?
How will you operate day-to-day?
What’s your marketing and networking strategy?
How much will it cost to get started?
I’ve created free business plan templates that you can download at ENHQ.org to help guide you through this process. Trust me—this step will save you from costly mistakes later!
Step 3: Keep Costs Low and Start Small
One of the biggest mistakes new entrepreneurs make is trying to scale too quickly. Whether you’re selling physical products or providing a service, focus on building a foundation before expanding.
For example, instead of trying to create 50 different products, start with one or two that solve a specific problem. Test them, collect feedback, and make improvements. Growing strategically will help you avoid unnecessary debt and inventory issues.
Step 4: LLCs, Taxes, and Legal Setup
Filing an LLC too early can cost you more than you think. Many states require annual taxes—whether or not your business has made any money. Instead, consider starting as a sole proprietor until you’re consistently generating revenue.
Once your business is ready, filing an LLC provides legal protections and tax advantages. If you’re unsure about timing, check out the resources at ENHQ.org for more guidance.
Step 5: Marketing and Networking
Your business won’t grow if no one knows it exists! Start by providing value before asking for anything in return.
Create how-to videos or educational posts related to your niche.
Build an email list to stay connected with potential customers.
Focus on platforms where your target audience spends time.
Networking and marketing go hand-in-hand. Use social media, local events, and online communities to spread the word about your business.
Step 6: Track Progress and Adjust
Once your business is running, track your metrics. Who’s engaging with your content? Are you attracting the right audience? Are you hitting revenue goals? If not, go back to your business plan and make adjustments.
Consistency and adaptability are key. Many businesses fail because they don’t analyze what’s working—and what isn’t. Be willing to pivot if necessary.
Need More Business Help?
Starting and running a business isn’t easy, but you don’t have to do it alone. My team at ENHQ.org specializes in helping entrepreneurs create business plans, marketing strategies, and financial projections. Whether you need templates, consulting, or one-on-one coaching, we’ve got you covered.
Visit ENHQ.org to explore free resources or book a consulting session today!
Final Thoughts
I’ve built six businesses and a nonprofit using the exact framework I shared in this episode. From validating your idea and creating a business plan to marketing and scaling, this process has helped me go from zero to six—and even seven—figures.
If you’re serious about starting your business, follow the steps outlined here and listen to the full episode for even more insights.
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