You’ve dreamed about starting your own business. You want independence and ownership in your work life. You even have an idea for a product or service that you want to sell. All your uncertainty is about the details involved in starting a business.

There is no one-size-fits-all blueprint for how to start a business. But there are best practices and steps you can take for success. We offer a series of steps to help you get started.

How to Start a Business: Forbes Advisor’s 10 Step Guide

Table of Contents

1. Get Your Mind on the Right Track

It takes a certain mindset to start a business from scratch—one that’s not too skittish and not too foolhardy.

Perhaps the greatest challenge for new owners is working longer and harder than they ever expected. The truth is: No one will be more determined to see your business succeed than you. You need to be committed from the get-go.

Another common deterrent for…

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