Image source Graduate Management Admission Council on Google 

1. Mindset is Key: Success comes from a positive mindset. Stay motivated, focus on growth, and trust the process—your attitude influences your business.
2. The Right Idea: Find a unique offering by researching your market. Provide proof of your value through demos, case studies, or testimonials to build trust.
3. Know Your Market: Identify potential customers, understand the competition, and discover what makes you stand out. Thorough research helps find unique opportunities.
4. Business Plan: A detailed plan sets goals and guides financial success. It’s crucial for you and convincing for investors.
5. Funding Strategy: Decide between personal savings or investor funds, weighing the pros and cons. Plan your funding strategy according to business goals.
6. Financial Management: Monitor expenses, revenue, and profits closely. Consider hiring help and avoid overspending.
7. Invest in Marketing: Marketing creates visibility and attracts customers. Don’t overlook it—investment from the start builds a strong business base.
8. Build a Supportive Network: Attend events, join groups, and create relationships with mentors and investors for guidance and support.
9. Hire Wisely: Your team reflects your business. Hire those aligned with your values and invest in their growth and satisfaction.
10. Grow Steadily: While growth is good, rapid expansion can strain finances. Plan carefully and aim for steady, sustainable growth.

These steps can help lay a strong foundation for your business journey in 2024.