Tips on Starting a Business

Jake writes:
I am interested in starting a computer tutoring business. I
know how to use computers well and I understand that many adults are not exactly
fluent. I was wondering if you have any tips on how to go about doing this and the
necessary steps I will need to take to make this happen the correct way.


The Career Doctor responds:
I think there are four keys to starting any teen business well or any business for
that matter.
First identify a need that is not being fulfilled in the marketplace (or one that is being
filled at an inferior level). Once you have identified that need you also need to have a
set of products and services that offer something unique something of value to your
potential customers.
Second develop an understanding of your potential customer. Who are these folks — and
why would they use your product/service over competing ones?
Third create a promotion plan for reaching your target consumers. You could have an amazing
product or service but if no one knows it exists you are not going to be in business for very
long. And promotion is more than just putting some flyers around the neighborhood.
Fourth have a good handle on both the expenses you will incur as well as your projected
revenue (sales) stream. There have been many a business that failed because of not having
a good handle income and costs.
Read other do’s and don’ts for starting and running a teen business in this article published on
Quintessential Careers: Teen
Business Do’s and Don’ts
.

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