The following article is a guest post.
People spend (waste) a lot of time in social networking sites like Tumblr, Facebook and Twitter.
People also spend a lot of money on buying coffee every day.
Seems out of the topic? Well, if you just paid a little more attention to these things, you would be surprised to know that you could have built a lot of businesses with that amount of time and money.
Instead of watching a short movie, or surfing the web for 60 minutes every day, you can commence a commercial activity!
My people think that starting a business is a slow process and requires a lot of work. That is not necessarily the case. You can now just promote something to the world in just an hour or so! Sometimes even less! You can start a new business based on your existing talents like photography, coding, writing and also music.
This is possible because of online tools like Shopify that help with starting your business faster and easier than you ever imagined. All the tools are either affordable or free.
The business you’re about to start can be new or existing as well. It can be something that is entirely new or something that is a division of your current business. If you’re still wondering how to start a business in just 60 seconds, read on!
Building a Digital Business in an Hour
1. The Preparation Stage.
Time: 25 Minutes
Before starting a business you need to create a model that consists of four entities.
- The main objective: You need to have a detailed version of your goals and ideas, and your intellect that you’re about to monetize.
- Existing problems: Make a detailed outline of the existing problems that clients and customers are facing today.
- Solutions: In this section, you should have the solutions and fixes to the existing problems in the market.
- Analysing the market: This is a section of vital importance. You need to make a detailed analysis and survey of the market, to understand it better.
Make sure that the business model revolves around the skills that you already possess. At the beginning, it is recommended to start your business in low key. If you want someone like your close friends to be involved in the business you can send them invitations we are email or phone calls and ask them to join your business.
2. Launching The Business.
Time: 25 minutes
This is the most important part. The first impression always lasts the longest. If you’re planning to start an online business you can use Shopify to create an online store for you.
The process is hassle-free and more efficient than creating one yourself. If you’re planning to create a brick-and-mortar store you can use the business tools that Shopify provides to launch the store efficiently.
Start the business by selecting the right name for your store. This can make a huge impact in drawing customers in.
Find a name that is catchy and not trashy as well. The name can be changed later if you feel that it’s a better strategy. Select the right kind of slogan with Slogan generator from Shopify and add it to your brand.
In the case of a digital business, make sure that you choose the right kind of website design template based on your target audience. Create pages for your business on social networking sites like Facebook, Instagram, and Twitter and share them with your friends and the world.
3. Formalities and Legalities.
Time: 15 minutes
Your business’s legal registration is something that is important right from the start. You should pay close attention to it. If you already own a business you might have known how important this procedure is.
If you want your new business to be combined with your existing one, you just need to call your Chartered Accountants and ask them to complete a few formalities.
If you don’t own an existing company, and if you’re starting this company right from the scratch you can opt for a general partnership.
There are many service providers who are specialists in business formations, so you can get their help. They can provide advice in areas such as trademark registration and tax solutions. Justs send a quick message to your service provider or CA and you are done with your legal formalities.
Congratulations! You’ve just started a new business!
You’ve been productive by starting a new business in 60 minutes. Just think of the possibilities of what you can do in the next few hours. You can take your business to the next level.