1. Identify a need in the marketplace. Look for opportunities where clients are underserved.

2. Match the niche you select with your strengths, talents, and interests.

If you’ve been created to succeed at the task at hand, and you’re passionate about what you do, then you’ll be able to overcome difficult times in your new business.

Click here to check out assessments that will help you boost your performance.

3. Research the market in order to ensure that there is a need for your product/service.

4. Compose your mission and vision.

Business owners who have a vivid vision to guide them are the ones who lead their industry.

5. Develop your USP (Unique Selling Proposition) for your product/service.

When you have a compelling reason for people to do business with you, and only you, differentiating you from your competitors, you’ll never feel the heat when people start a similar business.

6. Choose a name that describes what you do.

• a. Confirm that the name you want is not already trademarked at the U.S. Patent and Trademark Office online at: www.uspto.gov
• b. Go to www.GoDaddy.com to register a domain name for your Web site. If it’s taken, brainstorm and find another name. Having a Web site that matches your business name is critical.

7. Develop your click-and-mortar business growth strategy.

You must be able to reach people who do business online and/or offline in order to get the maximum number of clients, and serve them according to their preferred buying style.

To learn how you can turn your small business into a click-and-mortar powerhouse, click here.

8. Determine your company’s legal structure.

Talk to an accountant, an attorney and/or an enrolled agent to determine the most advantageous legal structure for the type of business you want to set up.

9. Put together your virtual team of experts to help you save time and get more done.

Two ways you can create a team, and get more done in less time on a low budget are “outsourcing tasks” and contracting your own “virtual assistant” to help you get things done professionally.

One place to find a virtual assistant is www.assistu.com; where you’ll also learn how a VA works in your business without taking any space in your office.

10. Subscribe to a blog (Web log) designed to help small-business owners accelerate the learning curve.

Start with this blog that you’re reading right now http://www.BusinessOwnersJournal.com/mindset and get expanded details on how to apply the above tips. Business blogs are full of important information and research that help the small-business owner save time.

About the Author: John-Paul Micek and his partner Deborah Cole Micek are Business Growth Coaches. They help small business owners like you, achieve profit-doubling growth in one-third the time it would take to do on your own.

In just 12-months with your membership in the www.BusinessOwnersCoachingClub.com you can bridge the digital divide and transform your small business into a click-and-mortar powerhouse that delivers the profits, personal fulfillment, and free time you want.

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Small Business Start-up