How do you start a new business?

How do you start a new business?

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  1.  Choose your business idea.
  
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  2.  Analyze the competition.
  
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  3.  Decide how you will be unique.
  
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  4.  Write your business plan.
  
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  5.  Line up financing.
  
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  6.  Name and register your business.
  
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  7.  Plan your marketing.
  
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  8.  Start making sales.
  

Coffee Shop/Tea Salon

A coffee shop or tea salon can be a profitable and fun business. But with all the competition in this space today, you need to carefully think out this business before you start it. Just being nice to customers and working hard is not enough to guarantee success. Next you need a great location. A great location is not necessarily a cute little shop that happens to be vacant or a large space you can get a great price on. In this business you want traffic. Lots of traffic. And ideally foot traffic. Before you lease a place, I suggest you personally go over there and count how many people walk by your potential location during the key time periods. One of the most successful independent coffee shops near me is Diesel Cafe in Somerville, Massachusetts. This large and thriving coffee shop has an eclectic atmosphere that fits in well with the hip/collegetown atmosphere. They even have a pool table, a black and white photo booth and all kinds of funky items. The coffee is great.