Before starting a business, it's vital to conduct extensive market research about your chosen industry, potential competition, and your target customers. This research will help you understand the landscape and viability of your business idea. Next, formulate a robust business plan that outlines your business goals, strategies, and financial projections. This document will serve as a roadmap for your business journey. It's also crucial to assess your financing options and ensure you have the necessary funds to start and sustain your business. Finally, consider the legal aspects, such as registering your business, obtaining required permits and licenses, and understanding your tax obligations.