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You need to know how to start a business with $1000 to become an entrepreneur and give up that salaried job you are doing right now for your own business to break poverty jinx. Naturally, it helps if you already have an online audience you can tap for listening to your regular podcast (like I did), but that hasn’t stopped thousands of people from building successful side business ideas into lucrative podcasts—including Alex Blumberg, founder of Gimlet Media who teaches how to use storytelling and launch a podcast You can also check out this class from podcaster and entrepreneur, Lewis Howes, about how to make money podcasting as a side business idea, which regularly broadcasts for free on CreativeLive.

Before you start a business, you should be absolutely clear about why you are doing it. That may sound obvious, but there are actually many reasons why someone should choose to turn their back on the security of a job and career for the uncertainty of starting a business.

Create a logo that can help people easily identify your brand, and be consistent in using it across all of your platforms, including your all-important company website Use social media to spread the word about your new business, perhaps as a promotional tool to offer coupons and discounts to followers once you launch.

Business plans are more short and concise nowadays than they used to be. While it might be tempting to include all the results of your market research, flesh out every single product you plan to sell, and outline exactly what your website will look like, that’s actually not helpful in the format of a business plan.

Because as a business owner and the person that’s driving the vision of the company, she’s able to focus on new ways to bring in revenue or to strengthen the revenue streams that she already has as opposed to doing the daily tasks of going out into the field and seeing customers.