Neighbor News
Peter Bubel, President of PANA Rentals, on Starting a Business
Starting a business can be a nebulous process—Peter Bubel offers some basic advice & simplifies the steps to getting your business started.
So You Want to Start a Business: What's Your First Move
Starting a business is monumental step in the lives of the people that proceed down this path. Deciding when and how to take the plunge into entrepreneurship is a paralyzing thought to most people, but it doesn’t have to be. Over the years, the people that have started businesses found that the essential first step is settling on a business idea that can be expanded upon. Jason Zook, founder of IWearYourShirt.com, stated in the article, “9 Actionable Steps for Starting a Business Now” that a viable business idea often lives between something they are passionate about, something they know about, and something they are willing to put effort into. This article will discuss ways that a budding entrepreneur can develop and select ideas for a new business.
Go to your Local Courthouse
It may seem counter-intuitive, but when searching for ideas pertaining to starting a business, the first place a person should start is the local courthouse. They should review recent filings for new business licenses. By reviewing this list one can get an idea of the businesses that are coming to the community and then generate ideas to improve upon them, create complimentary businesses, or eliminate an idea because it is already being done in a significant way. Another plus in visiting the courthouse lies in meeting the employees there and getting first-hand knowledge and assistance with the business license requirements.
Start a Focus Group
Communities are vibrant entities that usually have numerous groups, clubs, or organizations dedicated to its growth and development. Utilizing these resources as focus group participants can be a big help when brainstorming for business ideas. A focus group will help a new entrepreneur determine what the community desires as well as what it does not want. The last thing a person would want to do is start a business that the community does not support. During a focus group, try not to focus on the business idea specifically. Instead, listen to the participants’ input. Ask what benefits they would like to obtain from a business. By focusing on the needs of the group, the business can be tailored to fit them.
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It will be necessary to take plenty of accurate notes when doing these two tasks because the information gleaned will be very valuable in finalizing business ideas. One should embrace this part of the business start-up process. It may be the first step, but it can also be the most rewarding one!
Peter Bubel is the founder and President of PANA Rentals, a property management business serving the Reading, Pennsylvania area. Through PANA, he offers affordable housing options to students attending Penn State Berks and those living throughout the Berks County area. Peter Bubel is also an active member of his community in Reading and loves to travel with his wonderful family whenever he has the chance.
