How to start a successful business - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

How to start a successful business

Source: KXXV Source: KXXV
(KXXV) -

Many people dream of building their own business, but they don’t know where to start.

Therefore, Central Texas financial experts are giving some key tips for people looking to be their own boss.

Starting a business can be difficult, but taking a few key steps to maximize your exposure in the beginning can be the start to a successful business.

A few things people need to know when they take those first steps include:

  • Figuring out the needs of your customers
  • Branding your business properly
  • Making sure you’re passionate about your business

These areas play a huge role in making sure your business is a success.

After you've established the need for your business or service geographically, some experts believe you should conduct surveys to potential consumers. This will ensure you're supplying something they need verses what they want.

Branding properly is also vital to making sure your business is successful. This will allow people to learn what your product is, how it operates, and educate potential customers on pricing points.

Experts said creating a logo and a website is another critical way to reach more consumers.

Financial consultant Will Wright said using social media as a tool to help launch and expand your business can also be very profitable.

“When you're getting exposure beyond your geographical location that in itself will ensure that your business will thrive depending on whatever that product or service is, and whether there is a global demand,” Wright said.

Utilizing local resources will also help when starting a business. Going to your chamber of commerce, networking and establishing those partnerships plays a key role in building an immediate client base

Studies show many people who dream of starting a business don’t because they're afraid of failing but experts say the best businesses learn through trial and error.

Copyright 2017 KXXV. All rights reserved. 

  • NewsMore>>

  • Saudi women are now driving as longstanding ban ends

    Saudi women are now driving as longstanding ban ends

    Saturday, June 23 2018 5:26 PM EDT2018-06-23 21:26:38 GMT
    Sunday, June 24 2018 3:17 AM EDT2018-06-24 07:17:50 GMT
    (AP Photo/Nariman El-Mofty). In this June 23, 2018 photo, 34-year old Asmaa al-Assdmi poses for a photograph holding her new car license at the Saudi Driving School inside Princess Nora University in Saudi Arabia.(AP Photo/Nariman El-Mofty). In this June 23, 2018 photo, 34-year old Asmaa al-Assdmi poses for a photograph holding her new car license at the Saudi Driving School inside Princess Nora University in Saudi Arabia.
    Saudi women are in the driver's seat for the first time in their country and steering their way through busy city streets just minutes after the world's last remaining ban on women driving was lifted.More >>
    Saudi women are in the driver's seat for the first time in their country and steering their way through busy city streets just minutes after the world's last remaining ban on women driving was lifted.More >>
  • US moves 100 coffins to N. Korean border for war remains

    US moves 100 coffins to N. Korean border for war remains

    Saturday, June 23 2018 5:16 AM EDT2018-06-23 09:16:27 GMT
    Sunday, June 24 2018 3:15 AM EDT2018-06-24 07:15:52 GMT
    (AP Photo/Ahn Young-joon, File). FILE- In this May 14, 1999, file photo, U.N. honor guards carry a coffin containing the remains of the American soldiers after it was returned from North Korea at the border village of Panmunjom, South Korea. South Kore...(AP Photo/Ahn Young-joon, File). FILE- In this May 14, 1999, file photo, U.N. honor guards carry a coffin containing the remains of the American soldiers after it was returned from North Korea at the border village of Panmunjom, South Korea. South Kore...

    The U.S. military says it is moving "assets" to a U.S. air base near South Korea's capital and to the inter-Korean border to prepare for North Korea's returning of the remains of U.S. soldiers who have been missing...

    More >>

    The U.S. military says it is moving "assets" to a U.S. air base near South Korea's capital and to the inter-Korean border to prepare for North Korea's returning of the remains of U.S. soldiers who have been missing since the 1950-53 Korean War.

    More >>
  • Administration seeks to expand immigrant family detention

    Administration seeks to expand immigrant family detention

    Saturday, June 23 2018 12:26 AM EDT2018-06-23 04:26:10 GMT
    Sunday, June 24 2018 3:24 AM EDT2018-06-24 07:24:02 GMT
    (AP Photo/Eric Gay, File). FILE - In this July 31, 2014, file photo, an artificial turf soccer field sits in the middle of the Karnes County Residential Center in Karnes City, Texas. The immigration detention facility has been retooled to house adults ...(AP Photo/Eric Gay, File). FILE - In this July 31, 2014, file photo, an artificial turf soccer field sits in the middle of the Karnes County Residential Center in Karnes City, Texas. The immigration detention facility has been retooled to house adults ...
    (AP Photo/Eric Gay, File). FILE - In this July 31, 2014, file photo, an artificial turf soccer field sits in the middle of the Karnes County Residential Center in Karnes City, Texas. The immigration detention facility has been retooled to house adults ...(AP Photo/Eric Gay, File). FILE - In this July 31, 2014, file photo, an artificial turf soccer field sits in the middle of the Karnes County Residential Center in Karnes City, Texas. The immigration detention facility has been retooled to house adults ...

    The Trump administration is calling for the expanded use of family detention for immigrant parents and children who are stopped along the U.S.-Mexico border.

    More >>

    The Trump administration is calling for the expanded use of family detention for immigrant parents and children who are stopped along the U.S.-Mexico border.

    More >>
Powered by Frankly