Question: what do i need to know to start up my own business?
Answer: Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. ... 
Write your business plan. ... 
Fund your business. ... 
Pick your business location. ... 
Choose a business structure. ... 
Choose your business name. ... 
Register your business. ... 
Get federal and state tax IDs.