Although it is true that all roads lead to Rome, one must know very well which path to follow within entrepreneurship in order to be successful, its important to know the steps to start a business, since in many cases, due to small mistakes (which seem insignificant) the “startups” thunder at the first attempt.

Starting a Business Later in Life? Tips for Older Entrepreneurs

Many believe that entrepreneurship is easy and underestimate the activity, but we must take into account that although “Entrepreneurship is for everyone, not everyone is for entrepreneurship”. What does it depend on? There are political, social, economic and, of course, personal factors. Here I share with you the ten steps to start with that business that has been going around in your mind so much, so that you start off on the right foot. 

1. Define the reasons. If your motivation is to make money, you’d better look for a traditional job; really identify what moves you to undertake 

2. Evaluate yourself. Take into account whether you have what it takes or are willing to learn it, if not, go your own way on the other hand

3. Select an idea. Everything your mind can believe, it can do; as crazy as it may seem, it is a matter of focus and perseverance 

4. Define a business model. What will be your product or service, what is your target market and what makes you different from others? 

5. Draw up a business plan. In a document, describe your company, market strategies, objectives, investment, profitability, etc

6. Form your team. Great entrepreneurs surround themselves with people who are wiser than they are, select people with your same passion 

7. Seek funding. If it is possible to obtain financial support from a person or institutions (such as INADEM), compare options  

8. Get to work. There will never be a perfect project until you experience it in practice, throw yourself into it and learn from trial and error 

9. Disseminate and promote. Let everyone know what you have to offer, take advantage of technology and don’t forget the word of mouth recommendation, nor your website 

10. Learn and specialize. Know your customers, suppliers; real costs, execution times, etc., and polish your business more and more