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Steps to starting a business
There are many ways to start a business. Not all these steps will be for you, but owners and experts recommend you give them some thought.
- What starting a business looks like
A Xero survey of 1,000 North American startups reveals why and how they started their businesses.
- How to do market research
Your business idea is clearly inspired. But it helps to check you’re not the only one who thinks so.
- How to write a business plan
Writing a business plan will help nail down your idea and give you a blueprint for executing it.
- Budgeting and forecasting
It’s time to run some numbers on your business idea. Budgeting and forecasting help with that.
- Pricing strategies and cost of goods sold
Your prices can influence the number of sales you make and the profit you earn on each transaction.
- Types of business structure
Your business structure can affect how much tax you pay, and how you're treated by the law.
- Small business accounting
If you’re starting a business, then you’ll need to get familiar with some accounting basics.
- Registering a business and other admin tasks
After all the excitement of deciding to start a business, you’ll have some paperwork to do.
- How to create a business website
Treat your website like an online version of a storefront. It’s the first impression for many customers and prospects.
- Tools and guides for your business
Now that you’re in business, you want to stay there. Xero’s got resources and solutions to help.
Why Xero knows how to start a business
Xero is home to millions of small businesses, who use our software to run their finances and accounting. About 200,000 accountants and bookkeepers use us too. We asked some of those owners and experts how to start a business, then put their insights into this guide.
What business ownership is like
If you’re wondering how to start a business, you’re probably also wondering what it’s like to run one. Here’s what business owners think about (Hearts and Minds, 2017):
- 43% want to grow their business (which means plenty want to stay small)
- 43% want to be more profitable
- 15% would like more time away from the business
Handy resources for small businesses
People asking how to start a business often find these resources helpful.
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