Idea: This is the first and most important step. You need to come up with an idea that meets the current needs of the market and has the potential for growth.
Research: You need to research the market, competition, audience, and potential risks.
Business Plan: You must create a detailed business plan that describes your idea, target audience, marketing strategy, financials, and implementation plan.
Implementation: Once you have received funding, you need to implement your idea. This can include product development, website creation, staffing, and launching a marketing campaign.