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All businessmen, when they were just starting their business, should have worked out certain points. Today we give you the most up-to-date list of what you need to start your own business.

1. Understand the law
If you want to build a serious adult business with the prospect of scaling, it should be official. To do this, you need to familiarize yourself with the legislation of the country in which your company will operate.
I advise you to have the contacts of a familiar lawyer by your side, who will enlighten you in all the subtleties of the case and will explain them at your fingertips, so that you can prepare your business for legal activity quickly and painlessly.

2. Plan your activities
90% of the success of any startup depends on numbers, plans, calculations and only 10% – on the inner intuition of the owner. We all like to go our own way, but starting a business with a proven scheme is better than without anything.

3. Analyze the market
You don’t have to be a super innovative startup guy and invent the wheel. A new, unfilled niche where there are no competitors is a minefield. You need to be on a trend, understand what your client wants and keep your finger on the pulse.
There is no need to do something that absolutely no one has done before. If this is your first business, set yourself the task of creating a product that will surpass the competition in something specific. This will be your unique selling proposal.

4. Make a business plan
A business plan will help not only to assess the potential of the project for yourself but to launch your business ideas too. Usually, this is the first document that people pay attention to when you want to take a loan from a bank, get government grants and subsidies, and attract angel investors.

5. Write down business processes
Each business process has a specific purpose, subordinate to the general purpose of the enterprise; the employee who is responsible for it; resource; quality control and error correction system; your KPIs. It is the processes that determine how the company works: looking for employees, solving customer problems, producing products, scaling.

6. Do what brings money
Often, novice businessmen try to grasp everything at once and build a “beautiful” business from the first day — with a pathetic mission, vision, and strategy. You need to analyze your competitors and keep them at arm’s length.

7. Rest
When a person starts a business, he starts working 24/7. Especially at the start-up stage, when everything needs to be thought out and foreseen for everyone, and the responsibility for success lies only with you.
This is one of the non-obvious, but common mistakes. Enthusiastically, the entrepreneur overworks, fills the entire thinking space with thoughts about business – and this is the first stage of burnout. Irregular work schedule and excessive workload leads to the fact that a person is exhausted and loses any desire to continue.

8. Delegate
Another tip is not to take on too much. Beginners want to keep everything in their hands, but the main resource of an entrepreneur is time. You should not handle every process with your own hands: learn to delegate and to outsource.
A good business is one that can continue to operate effectively when its owner changes. To do this, you should build a strong internal infrastructure, invest in people, and accumulate talented specialists around you. Remember that looking for people for vacancies is not always a winning strategy. If you see a valuable specialist on the market who will be useful to the company, take him to the team.

9. Find a mentor
A mentor is an experienced businessman or a specialist with an unbiased outside view. He or she will see weaknesses and offer opportunities for the growth. In addition, it is networking: useful acquaintances and new contacts.
Usually, mentors have also been helped in their time, and now they want to share their knowledge. Some entrepreneurs engage in mentoring when their business is off-season. You can find such people through acquaintances, in social networks, on paid services or with the help of competitive accelerator programs.
So, dear students, if you feel that you can, go ahead!