How do I open up my own business?

[dark world]

I want to open up a coffee shop and bookstore. How do I do that without any experiences?

And add any ideas. Thanks.

[MavistheMaven]

You apply to the government for a tax ID, kind of like a Social Security number for a business. You check your state and local government websites for info on whether you need a business license and whether you need to meet any health & safety licensing requirements for having coffee and food.

You check with book distributors to find out what they require from you in order for you to buy books from them.

You read the ads or find a real estate agent to help you find a store to rent,

But before you do all that, you ought to write a business plan so you see the costs and what it will take to keep the business going. Your library has books on opening a business and writing business plans, but check your community for entrepreneurs groups or business networking groups.

You can get free business help at a Small Business Development Center (SBDC). Find one near you - they are usually on college campuses. Google on SBDC and your state.

[Andrew Strauss]

Running your own business is a rewarding but engaging career and life choice. It demands your time and focus. Start by expecting to live your work until it is established so it can get off the ground. There are many different opinions about how to start a business from researching and writing a detailed business plan -- to organize it all -- to just jumping into a passion and trying to make money out of it.

Start with your idea. This probably isn't a brand new invention or product. In fact, many successful small businesses have found a way to deliver an existing service or product more efficiently and economically or have customized an existing product or service to fit an opportunity.

2. Put together a business plan. This doesn't require hundreds of pages with thousands of charts. Include research into things like how much you can charge for your product/service, how much it will cost to produce or deliver (include variable & fixed costs), and the size of your potential market (i.e. number of customers). The plan should evaluate your competitors - how many competitors, how strong are they, where are they, how will you compete. The plan should state what is required to enter this market, barriers to entry such as high fixed costs (factories, restaurants) and government regulations that must be met.

3. Determine if you need financing. Your business plan will include a section on financing. How will you pay the costs to start and run your business? Do you need a bank loan? Use credit cards? Self finance? Also, you'll need to consider how much salary you need to support yourself while starting your business.

4. Put together your initial marketing plan. Marketing need not cost a fortune. Some businesses require very little. For example, many service businesses such as accounting firms build their practices through word-of-mouth referrals. You can also join free or low-cost associations to build awareness of your small business. Again, your business plan (product, customer, competitor) will help you determine the marketing efforts you need to undertake.

5. Build your infrastructure early. This doesn't mean build a big factory or a fancy office. It simply means keep accurate customer records, a clean set of updated books and a technology foundation, if necessary. One of the downfalls of many small businesses is that they don't know if they're making or losing money (i.e. the need for a clean set of books). Another downfall is when small business owners try to sell their company years later but lack accurate customer history and customer information. Many times, the customers of a small business are its best asset, and, without the records, the small business can be sold only for salvage.

For complete article : http://www.wikihow.com/Start-Your-Own-Business