How To Get A Small Business Off The Ground

Are you looking to get started with your small business? There’s a lot to consider when starting, which can be overwhelming. Luckily, we’ve broken it down for you so that it’s easy to understand and implement.

In this guide, discover the most important things to check off to start your own company.

1. Develop a Successful Pitch Deck

When you start your company, you’ll need to secure funding. One way is through investors, which allows you to limit how much you put in initially out of your pocket. But how can you ensure that investors see things the same way you do?

Successful pitch decks are essential to presenting your business to investors. How well planned your presentation is directly correlated to how likely you are to secure investors. Don’t waste the opportunity to get ahead with a poor presentation when you could deliver something truly engaging.

2. Find a Location

When choosing your business location at a start-up, there are many factors to consider. Can you support yourself with temporary establishments like market stalls, or do you need a more permanent address? Consider where your suppliers are located and where you can store excess goods.

Where will employees work from? Will they need office space, or can they be productive working from home? These are essential questions to ask yourself when looking into potential locations for your business to bloom.

3. Create a Name

Your company’s name needs to be memorable and related to what goods or services you’re providing. It needs to be something you can stick with, as changing your business’s name and rebranding can confuse customers. Having the right name that will stick in people’s minds will help you grow your brand over time.

Get creative, but don’t be too abstract. You want the name to be easy to remember, so people think of your company first. The primary goal of a great name is to generate buzz and customer loyalty that will take your business to the next level.

4. Register Your Business

You’ll need to decide on a few details before registering your business. Determine what type of business structure you’ll operate and what permits you’ll need to get started. Will you run with a sole proprietorship, partnership, or run a corporation? There are pros and cons to all options.

Take your time to understand all the legalities of running a company and what agencies you’ll have to work with. Federal, state, and local government agencies will need specific applications so you can operate your business. Once they’re taken care of, you can get started and spread the word about your new business venture!

5. Business Insurance

Protect yourself with business insurance right away. Don’t wait for disaster to strike and find yourself unprepared. Business insurance protects you from several situations you may face, like personal injury and property damage. There are certain protections against vandalism and weather as well.

Research the risks you face at your location, and regularly reassess those risks as your company grows. The needs of your business are sure to change, and thankfully your insurance policies can accommodate those changes if you’re proactive. Discuss your options with a reputable licensed agent so that they can find you the best deal.

Jumping into Business Ownership

Starting a new company is a complicated process, but it becomes a lot simpler once you break it down into a few steps. From researching how to create a powerful pitch deck to securing your company’s location and paperwork, you’re setting yourself up for success every step of the way.

Don’t let the unknown stop you from achieving your entrepreneurial ambitions. Take it a day at a time, and follow these steps to create a strong beginning for your company.

Want to be a Financial Trader?

Are you looking to start financial trading as a part-time or full-time job? There’s never been a better time to enter the field. Not only are more people working and investing from home due to the current pandemic, but anyone with a decent internet connection has the potential to benefit, as long as they can learn and adhere the basic principles.

After acquiring a grasp of the essentials, it’s imperative to gain real-world experience on a live brokerage platform. The better online brokers offer many training tools like detailed tutorials, up-to-date libraries, and trade simulators.

After you feel comfortable placing and closing trades, consider specializing in one particular market to hone your expertise. Later, you’ll have the chance to take advanced video courses and sit for licensing exams in several areas. But, as is the case with every new career, you’ll have to start with the fundamentals.

Learn the Basics

Before putting one dollar of your own money at risk, and even before working with a demo account in a simulated trading bot, take time to understand how the securities markets work. There are hundreds of worthwhile books and online tutorials to choose from. Consider reading about the different kinds of orders, how to place stops, what the most popular technical and fundamental tools are, how to set up an account, how to measure profit and loss on transactions, and which markets are best for beginners. Check out some of the most reputable brokers’ websites and take advantage of free educational content, videos, tutorials, and other resources available to site visitors.

Get Experience

What’s true for every other job is true for financial trading: it’s imperative to gain real-world experience in order to develop an acceptable level of competence. No matter how much research, reading, and studying you do on your own, there’s no substitute for trading with a broker. Fortunately, the better brokerage companies offer informative learning resources like video tutorials, trading simulators, online libraries, discussion forums, and customer service reps who can help you understand how to use all the platform’s features. Everyone has different goals and ways of learning, but you should expect to spend at least a month or two acquiring the essential skills in the real world by making online trades of various kinds.

Specialize in One Market

It’s a rare trader who can follow multiple markets, especially during the first few years in the business. That’s why it’s essential to focus on just one general asset class, like stocks, forex, cryptocurrency, or something else. One of the main benefits of specialization is that you’ll learn the unique characteristics of your market more quickly.

Take Several Online Courses

Never stop learning about the area you choose to specialize in. Fortunately, there are all kinds of free resources out there, including online courses. Some sites charge a nominal fee for classes, so don’t be put off if you’re asked to pay for a course. However, avoid websites that charge exorbitant amounts for lessons. There are just too many excellent, low-cost choices. Eventually, consider testing for one or more licenses, like the Series 7, Commodity Trading Advisor, Certified Financial Technician, or others.

What are the Main Pros and Cons of a Peer-to-Peer Marketplace? Do the Benefits Outweigh the Drawbacks?

Summary: A peer-to-peer marketplace is an exciting platform for buyers, sellers, and business owners. In our article, we provide a complex description of both pros and cons of P2P marketplaces from different points of view and give pieces of advice on how to minimize the risks of P2P marketplaces.



While Rob Kalin was creating various handicraft things in his forest house in 2005, he came up with an exciting idea to unite handmade artists into an extensive global P2P marketplace. That’s how the story of creating one of the largest P2P platforms, Etsy, began. 

In 2021 Etsy, like many other P2P marketplace platforms, has over 81M active buyers with $1.7B revenue and 110% growth from 2019

Despite the COVID-19 pandemic, P2P marketplaces remain relevant and are overgrowing.  


What Is a P2P Marketplace?

A P2P marketplace platform can be an application or website that helps suppliers of goods or services contact customers searching. The P2P marketplace is a great platform to sell unnecessary things, get rid of rare goods that do not carry value for their owners, rent stuff for a certain period and return them after time, find financing for your idea, and many others.

Pros of a Peer-To-Peer Marketplace

The peer-to-peer market is mutually beneficial for sellers, buyers, and marketplace business owners. Global companies can start their P2P marketplace platforms with minimal investments, attracting a large audience. 

However, let’s look in detail at the advantages of P2P marketplaces for each business segment.  

For Sellers

For sellers, marketplaces are an excellent platform for realizing their business goals.

Small Fee for Advertising

Sellers on some marketplaces have the opportunity to profitably buy advertising and get to the top, as well as place an unlimited number of products for a fee. This is the most profitable for sellers with many goods and small funds.

No Restrictions on Sales

A seller can exhibit various goods, ranging from bicycles to unique coins. Usually, P2P marketplaces do not limit their sellers in categories.

No Payment to Intermediaries

P2P marketplaces don’t need to pay commercial intermediaries; sellers can cooperate directly with buyers and resolve disputes. However, sellers have protection and legal assistance from the P2P marketplace.


For Buyers

The marketplace provides many advantages for buyers, such as: 

Direct Payment and No Overpayments

People always want to find everything for the optimal price. In this case, a P2P marketplace is a perfect place. There is no need to pay money to intermediaries. Buyers can contact the seller directly and get their questions answered fast.

A Channel For Finding Exclusive Things or Services

Some people are actively searching for used or rare items or services. The P2P marketplace is the best place to find exclusive items at lower prices.

Great Market Competition

Buyers can find many different options for what they are looking for in one place. In order to become better and more visible to their customers, sellers maintain quality at a high level.


For Marketplace Owners

Marketplaces certainly have two main benefits for their owners.

Continuous Product Flow

Marketplace owners do not need to worry about deliveries or product flows, as the customer base is constantly replenished. Owners can also launch ads or additional benefits and attract two parties to the platform – sellers and buyers.

Opportunities For Broad Monetization

Marketplaces allow their owners to choose a wide range of monetization opportunities to select the business model that suits them best: listing, payment for advertising or product placement, freemium, and premium features.


Cons of a Peer-To-Peer Marketplace

For Sellers

Overloaded Monetization System

Some marketplaces may be overloaded with monetization systems and have unreasonably high rates for sellers. It’s crucial for business owners to think about not scaring away but attracting sellers to your marketplace platform. The practical baiting methods can be: 

  • free trial
  • discounts for referring friends
  • bonuses for activity on the P2P marketplace, etc.

Lack of Potential Buyers

Often sellers are faced with the fact that there is a bit of a potential audience in new  P2P marketplaces, or it does not correspond to reality. The best advice for sellers is not to pay for the P2P platform before using it. It can be done only after some weeks of exploring the pros and cons of the marketplace. 


For Buyers

Frequent Disputable or Conflict Situations

Quick and direct communication between buyers and sellers can escalate into conflicts and misunderstandings. Business owners need to create a powerful advanced, flexible conflict prevention system to satisfy both parties and keep them as frequent users of the P2P marketplace platform.

Low-Quality Goods or Services 

Creating a marketplace and its subsequent positioning is very important. In the wake of popularity, business owners often stop monitoring their resources’ quality of goods and services. And here, a loyal audience can turn its back on marketplaces, and platforms can experience a significant outflow of customers.

Complex Navigation

P2P marketplace visitors sometimes find website navigation too overloaded. It can be the result of ready-made products or ready-made solutions to create CaaS. If users are uncomfortable using the platform, they will probably leave it despite the apparent advantages.


For Marketplace Owners

Сreating a marketplace involves some cons and risks that can be easily prevented. Business owners should pay attention to:

Marketing Expenses

For sellers and buyers to meet on the marketplace platform, the business owners need to conduct marketing events and spend money on promotion. Some owners believe that a loyal audience will find its way to the marketplace platform. That’s not how it usually goes. Even at the beginning of development, it’s better to warm up the audience you plan to attract.

Searching For a Niche

There are already many marketplaces on the market that solve specific problems. 

By creating a widely-focused marketplace, business owners can lose money in vain. That’s why it may be worth looking for a reliable, narrowly focused niche where there is still a place for competition.


How to Minimize Risks When Creating a P2P Market

Each marketplace business usually has more advantages than disadvantages. However, when creating a new business, companies strive to minimize risks, hence costs. Let’s look at a couple of strategies that will help avoid risks in the future.

Solving the Real Customers Problem

Before creating a marketplace, business owners need to study the needs of the market and their target audience. 

There is no need to develop something similar to competitors. Good advice would be to find ways to become better than competitors and solve the problem they’ve missed. 

It is worth starting with studying competitors and the audience’s needs. Perhaps there is something that millions still dream of, and competitors haven’t delivered it yet.

Raising Funds for Further Development and Scaling

Fundraising is the process of attracting third-party investment resources for business. 

Funds are a great way to expand the marketplace business and build a platform with the necessary features right away by attracting financing from the outside. For example, there is such a P2P marketplace platform as Kickstarter where talented people and interesting companies can get funding. 2021, has already shown many successful cases in different industries.

Also, there are a lot of fundraising platforms for P2P marketplaces; entrepreneurs need to have a profitable idea. Though, the ideal situation is to have a minimum visual product with core features that business people can show investors.



P2P is a fertile ground for discovering a business potential. When opening their new marketplace project, business people take risks, but this risk is more than justified – in most cases, the platform will be successful. Therefore, in 2021 and beyond, marketplaces are where you can realize your wildest ideas.