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Define your goals. Do you want financial independence, eventually selling your business to the highest bidder? Do you want something small and sustainable, that you love doing and from which you want to derive a steady income? These are the things that are good to know very early on. Choose a

Establish a clear goal and mission. Your team's goal might be to release a new version of a product by a specific date. Or the goal might be to conduct market research in order to create a marketing plan. Be as specific as possible about the eventual goal.Distribute the goal in writing to all team

Create a business plan. A business plan helps to define what you think you need to launch your business, large or small. It summarizes the sense of your business in a single document. It also creates a map for investors, bankers, and other interested parties to use when determining how they can be

Understand franchising. Franchising refers to a common business strategy used to grow market share with less cost. It refers essentially to offering a franchisee the right to sell your products/services and/or use your business methods. Acquiring these rights would involve the franchisee paying a f