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Whether you are a Product-based Business, Service-based Business, handmade business, craft business, or informational business, Our experts have the real-world experience needed to help you start, fix, or grow your business.
Welcome to the Beginning Steps in Creating a Business:
Embarking on a business journey starts with a fundamental decision: What is the nature of your business? Are you venturing into products, services, or a blend of both? This section guides you through defining, detailing, and strategizing your business’s core.
What is the difference between a product- or Service-based Business? A Product-Based business is a business that has a physical product (s). Products are self-manufactured or manufactured by others and sold for profit. A Service-Based business is a business that provides work performed by an expert or someone knowledgeable in a specific field. That service is provided for compensation. Some service-based businesses are business consulting, cleaning, landscaping education, beauty treatments, etc..
1. Discover Your Business Type
Every business journey begins with a choice. Will you provide innovative products, unmatched services, or a combination? Understanding the type of business you’re starting is crucial. It shapes your approach to the market, influences legal and tax considerations, and defines your interaction with customers.
2. Define Your Offerings
What’s on your business’s showcase? Detailing your products or services is more than listing items; it’s about painting a picture of value for your customers. Highlight what sets you apart. Is it the quality, the innovation, or perhaps the way your service makes life easier? Your unique value proposition is your flag on the business battlefield.
3. Market Demand and Competition: The Research Phase
The market is your arena, and knowledge is your strategy. Understanding the demand for your offerings and the landscape of competition is pivotal. Dive into research with tools and techniques designed to give you a comprehensive view. Surveys, industry reports, and competitive analysis are your best allies.
4. Analyze the Competitive Landscape
Who are your rivals, and what can they teach you? A thorough competitive analysis not only uncovers who you’re up against but also reveals opportunities for differentiation. Learn from the strengths and weaknesses of your competitors to carve out your unique space in the market.
5. Strategize Your Market Position
With insights in hand, it’s time to position your business. How will you stand out? Will you compete on price, quality, or perhaps an innovative business model? Your strategy here sets the stage for future marketing, pricing, and growth tactics.
6. Plan Your Next Moves
Knowledge and strategy lead to action. With a clear understanding of your business type, offerings, market demand, and competitive position, you’re ready to take the next steps. This might involve refining your business plan, setting up your marketing campaigns, or finalizing your product development.
7. Tools and Resources for Success
No entrepreneur is an island. We’ve curated a list of tools and resources to support every step of your journey. From business planning software to market research platforms, these tools are designed to give you an edge in a competitive marketplace
Other Types of Businesses that you should be aware of are:
A Handmade or Craft Based business is typically a small business that makes products that are traditionally handmade by artisans or skilled craftsmen. These skilled craftsmen (and women) usually have particular skills that others do not have.
An informational business or website traditionally is an information-based and about a specific subject or subset of a topic and is typically a blog-based business. These informational-based businesses can be educational or motivational.
Examples of these businesses are below. Our team was instrumental in developing all of the businesses below. Feel free to visit the websites.
Product Based Businesses:
- HeroBuilders® is a product-based company specializing in Custom Action Figures and Political Action Figures Made in the USA. HTML 5, mobile-first, AMP enabled with the content management system, integrated separate digital shopping.
- CustomEasyButton® is a product-based company that created the Custom Record-able Easy Button, made by our suppliers to our specifications. HTML 5, CSS, integrated separate digital shopping
Service Based Business:
- Be Big Be Brave was was founded by Laura Bagnarol, a mom and social worker who wants more for her daughters. Our team is part of the success of this firm.
Handmade Business or Craft Based Business:
- ToyBuilders is an example of a Handmade business that is a craft and handmade business but actually ushered in the 3D Printing industry and introduced 3D Design. Toybuilders was instrumental in bringing 3D printing and 3D manufacturing it to the masses and this is a mention in Popular Science in 2001. This website is mobile first HTML 5 with content management system.
- Don Cray is an example of a wonderful handmade product called The Arch Humidor, the most beautiful Humidor ever made. But more important is the entire idea of Don Cray, the website marketing and SEO. This website is fast-loading HTML 5 mobile-first.
