How can i start a business of my own?

[Sam S.]

Or a better way of asking, would i even be able to create my own business? I'm 14 and so is my friend. We saw that two of our other friends have there own clothing line called "Makopa Clothing Boutique" On facebook, so we thought, "Hey, we should try something like that". We were thinking about doing something with a clothing line or jewelry possibly. I'm not sure but i was wondering what it would even take to start one of our own??

[~KingOFHollywooD~]

Write a business plan, get someone to invest into your company unless you have enough money to get it going (buying materials etc) Thats about it, once you get it going, get that facebook thing going advertise and sell babY!

[WASIU]

By focusing on aim u can start business of ur own with little amount of capital but try to be punctual, bcause punctuality is the soul of business. By Kay

[imisidro]

1. Define your business first. What do you want to do? Make a list of possible businesses you can develop and write the pros and cons of each. Clarify your business model.

2. Check the feasibility of the business idea. Is it workable? Given your resources, do you think there's a chance?

3. Once you've determined exactly what business to start, research about the business -- how much will it take you to start the business, what do you need, who are doing it, who is your target market, how are you going to reach your market. This is your business plan. It is best to put it in writing, especially if you will be seeking loans or investors as they will require a business plan

4. Find out how much the business will cost and where you can get the money. If your resources are not enough, where will you get money? Can you get money elsewhere? If you really cannot raise the funds you need, are you willing to downscale the idea?

5. Decide if this is a business that can be done alone by you, or whether you will need a partner or you will hire employees. Aside from you, who else will be involved in the business?

6. Once you find out that you can really raise the capital you need and the personnel requirements, setup your business. Decide if you want to be a sole proprietor, partnership, LLC, S or C corporation.

7. Go to your local county to find out the steps for business registration, assumed name or DBA, and whether the business will require a license or not. Or check the Web for information on starting a business in your state, specifically from your state or local government websites. Then complete all legal and regulatory requirements.

8. Start the process of setting up the business. If this is a website, then start thinking of its contents, who will design the site, who will manage the site. If this is a restaurant, start looking for location. If this is a recipe book, start contacting agents and publishers or look into the option of self publishing.

9. Set up your office, whether at home or if you will lease an office space. Purchase the equipment you need.

10. Start developing your marketing materials such as business cards, brochures, flyers.