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How do I start a business from scratch and make it profitable?
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Starting a business from scratch and making it profitable requires careful planning and dedication. First, you must brainstorm what kind of business you want to start, and identify target markets and potential customers. Next, create a business plan and budget for start-up costs, staff and marketing efforts. Once your plan is in place, you will need to find funding, select a location, register your business, acquire supplies, and register for appropriate licensing and permits. To ensure profitability, you will also need to plan marketing strategies, such as discounts and advertising, and focus on customer service. Lastly, monitor your business’s financials and make adjustments as needed.