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10 steps to start your business Starting a business involves planning, making key financial decisions, and completing a series of legal activities. Read on to learn about each step. Conduct market research Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business. Learn more about conducting market research Write your business plan Your business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to convince people that working with you — or investing in your company — is a smart choice. Learn more about writing your business plan Fund your business Your business plan will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to