How to start a business?

Starting a business is an exciting adventure that can be very profitable and is also very satisfying. But if you don’t have a lot of money, sometimes it becomes a real challenge.

For this reason, today we want to explain to you how you can start a business or create a company in Mexico even if you do not have much capital.

And these tips will work for you whether you’re building a new business or an established retailer looking to take your business from physical to digital.

So that the budget is not a problem, in Shopify you will find an ally so that you do not have to worry about technical or code errors and can focus on the only thing that interests you: growing your project!

But before launching into the tips, let’s start by answering the question you’re probably asking yourself.

Can I start my own business even with no money or budget?

Today you can start an online business with almost no budget. Almost.

It is not that we are going to do magic, but it is true that it has become so easy and so cheap to start an ecommerce that really with a very low budget you can start any online company.

Especially with Shopify that allows you, for very little money, to create an almost perfect online store! ?

The 13 steps to starting a successful business or company

These time-tested steps will help you start a business, whether it’s your first or your 10th, with advice on all aspects involved.

From finding and validating your money-making idea, to discovering your shipping strategy, to finally launching your product or service.

Use the time you have available
Identify a business idea
Validate your business idea
Find a business name
make a business plan
Understand business finances
Develop your product or service
Choose a business structure
Research licensing and regulations
Select your software systems
Find a location for your business
Plan workload and team size
open your business

1. Use the time you have available

No matter how ambitious your business goals are, you can still start a business in your spare time and fit it around your current life commitments.

Not everyone has the ability to quit their full-time job to dedicate themselves to developing something of their own, whether it’s creating an online store in Chile , doing it in Mexico, Spain or any other Spanish-speaking country…

But that doesn’t mean you can’t start.

For example, it is possible to start a handmade products business in parallel to a full-time job, or start a blog that you later turn into a business.

If you’re looking for more inspiration, here are seven more ways to start a business without quitting your 9 to 5 job.

2. Identify a business idea

Finding a business idea is something you can systematically approach by relying on time-tested approaches that have worked for other entrepreneurs.

Here are 12 ways to identify a product you can sell , including strategies like:

Exploit your personal interests. What do you like to do in your free time? Are there products you can sell that relate to your hobbies, or solve a common frustration you have?
Research existing products. Examine product reviews to see if there are common complaints about popular products, and see if you can identify any gaps in the market.
Capitalize on trends early. If you notice that a particular product seems to be popping up everywhere, or if you have a great idea to help make the most of a popular product, you could generate great business ideas.

Remember, all you need is an idea to get started. Many successful businesses launched with a unique product and expanded into complementary products from there.

3. Validate your business idea

This may seem difficult, but it’s really just a matter of testing whether customers are willing to pay for your product before you spend too much time and money on it. No matter what type of business you’re starting, it’s important to validate your idea.

There are many ways to do this, some are simple and some are a bit more complex.

Here are some tactical examples that can help you figure out how to gauge market demand before you dig too deep.

Set up a store to take orders in advance.
Launch a crowdfunding campaign.
Create a beta version of your product or service to sell.

There are other ways to validate your product ideas, but when in doubt, start selling as quickly as possible.

Learning from direct customer feedback and understanding how they are using your products is invaluable when building a small business.

Take a look at PopSockets, a now ubiquitous way to confidently hold a smartphone in one hand.

Initially, David Barnett designed PopSockets as a way to keep headphone cords from getting tangled.

It wasn’t until he saw the students in his class use their PopSockets to better control their phones that he realized the unintended value his customers saw in the product.

That information helped PopSockets sell more than 35 million units.