Starting a business in Detroit in just eight hours might seem impossible, but you can do it. You need to cover just a few topics before you implement your business plan and open your doors. Here’s everything you need to know to get started.
Noon to 1 p.m.: Set Your Goals
For the first hour of your day, think about your business goals. What service would you like to provide, or what problem do you think you can provide an answer to?
Then, set your goals. Do you have a financial goal? Maybe you have a personal goal, such as selling your own artwork or designs. Whatever they are, write them down and start to get organized.
1 p.m. to 2 p.m.: brainstorm business Ideas
Once you know your basic goals and ideas, brainstorm what your business will do. For example, if you decided you wanted to sell your artwork, think about what kind of business you’ll run. Some ideas for artists could include:
- Mural services
- Print shops
- On-demand portraits
- Face painting services
Narrow down your ideas into a business with products you can sell or deliver to your target audience.
As you brainstorm business ideas, don’t forget that you need to name your business. Consider creating a DBA, or “doing business as,” name for your company. This makes it easier to add more services later if you want to use a different name or if the name you prefer isn’t available for your website’s domain.
2 p.m. to 3 p.m.: Choose Your Business Structure
Next, select a business structure. You’ll automatically have a sole proprietorship, but other options offer additional protections. Look into limited liability corporations, S-corps, or other forms as well.
3 p.m. to 4 p.m.: Open a Business Banking Account
4 p.m. to 5 p.m.: Look at Your Marketing Options
Now, it’s time to look into marketing. Do you have a budget? What kind of audience are you trying to reach? Start researching marketing options during this hour.
It’s worth noting that banners make a difference on social media or your website. You could hire a graphic designer to create a custom banner for YouTube, Twitter, Facebook, or your website. Alternatively, do it yourself using an online banner maker. You can personalize the text, font, and color, and even add video or animation.
5 p.m. to 7 p.m.: Start Hiring Freelancers
Next, start hiring. You can’t do everything yourself, so outsource your work to freelancers. Hire someone to develop your website, work on your marketing, and help with branding to begin bringing in your customers.
7 p.m. to 8 p.m.: Start Spreading the Word
Now, in the last hour, start spreading the word. The sooner you start telling people about your business, the sooner it will take off. Use social media, bulletin boards, or word-of-mouth marketing.
Starting a Successful Business in One Day
In eight hours, you’ve started up your business in Detroit, and you’ve taken steps to market it. Now, visit News Beyond Detroit for a humorous look at the news.
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