Thinking about opening a business is exciting and mentally stimulating. However, if you’re a rising entrepreneur, the preliminary phases can also be confusing and overwhelming. Luckily, though, there are a few tips you can utilize to build a stable platform for your business development. The following guide outlines some useful steps to take when you’re first starting. 

3 Tips for Beginning a Business 

1. Find a SCORE Mentor

SCORE is the county’s largest association for business networking and educational opportunities. The organization also offers mentorship programs, in which new entrepreneurs can rely on experienced business professionals to gain insight, assistance, and guidance. Working with a SCORE mentor will give you the support and foundation needed to learn more about starting a business and finding success with your new enterprise. 

2. Go to Business Networking Events

The adage “It’s all about who you know,” is particularly relevant when it comes to starting a business. Having a network of people you can rely on for supplying materials, making customer connections, and partnerships, are crucial for starting a business. Marketing is also vital. One of the best ways to develop this pool of potential contacts is to go to business networking events. Here, you’ll meet people with similar goals and interests, who will be as interested as building a network as you are.

3. Research Your Potential Target Audience

Understanding who you will eventually be selling to is the key to getting started on the right foot. You don’t want to waste precious time or resources once the business starts testing the waters with potential clients. Instead, research who you will want to reach ahead of time. You can ask people to engage in anonymous surveys, do online research, or call on friends who have started businesses similar to yours.

If you need help with business development, turn to Greater North County Chamber of Commerce. Based in Florissant, MO, and serving residents within a 20-mile radius, this local organization offers entrepreneurs the tools and connections needed to thrive. Visit their website for more information on their services, and call (314) 831-3500 to discuss your venture with a team member.