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Home » New Here, Start up Advice

How to start a business in 10 days

10 Days to start up: Day 1 – Ideas

Many people think that starting a business in the midst of a recession is a crazy thing to do.  But the truth of the matter is that if what your have to offer your potential target market is truly a need or at a lower price than the existing players in the market then your business will stand a much better chance of surviving the recession or downturn than the longer established businesses.

Businesses like Fedex, Microsoft, CNN,  Burger King, HP and GE were all started in recessionary times.

If you still need convincing  as to why now is the right time to start a business,  think about this:

  1. customers are looking to get better deals from their suppliers
  2. costs of setting up are lower in a recession
  3. workers, through no fault of their own, maybe forced into unemployment and available for work
  4. government incentives and support are greater in recessions as they try to get the economy moving
  5. if you’re unemployed, doing something has got to be better than doing nothing.

This series of 10 articles takes you step by step through what you need to get started in business.  Setting a business up does not need to take years and generally speaking it’s not a difficult process unless you’re selling things that are covered by regulations or laws.

The series of articles is split into 10 days of activities to show you exactly what you need to do each day :

Day 1: Idea generation

Day 2: Market research

Day 3: Naming your business

Day 4: Creating a business plan

Day 5: Understanding your costs

Day 6: Financing your start-up

Day 7: Creating a marketing plan

Day 8: Creating an advisory board

Day 9: Executing your plan

Day 10: Starting to trade

4 Comments »

  • Gill said:

    Really useful and informative articles that take the mystic out of starting up a business. Its a bug bear of mine, that too many make a mystery of it and try to make it as expensive and as difficult as possible – but someone else that agrees that its all propoganda – put your mind to it and it will be done!

    Matthew Needham Reply:

    Glad you find the articles of interest Gill.

  • Jimmy/Life Architect said:

    Hi Matt,

    I wished I have read your article series here earlier. When I started my current site, I had a lot of questions and faced lots of obstacles. Even though it was a small company. I just bumped around and got it going. Now its in its infancy waiting for my first customer.

    Beside what you have mentioned, can you tell me how best to market my services? Would require you to take a look at my site and see what I am offering. Hope you don’t mind.

    Cheers
    Jimmy/Life Architect´s last blog post ..25 Elementary Principles for Success in Life – Principle 20

    Matthew Needham Reply:

    Thanks Jimmy, glad you found it useful. The fundamental advice to give any start up is to make sure that there is a customer for what you have to sell. It sounds obvious, but far too many people start a business on a good idea but fail because no one buys what they have. The customer doesn’t see value in it.