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woman shipping packages using computer

When looking to start a business, don't overlook the value of solid planning. Great strategy and execution are what set successful businesses apart and give them a competitive edge.

Here are five key steps to bringing your business idea to life and set up for success:

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Headshot of Bryan Clayton, left, wearing a navy shirt and wristwatch and a headshot of Barbara Casey, right, wearing an ivory blouse and navy blazer.
Bryan Clayton, left, a cofounder and the CEO of GreenPal, and Barbara Casey, the CEO of Mobile High 5.
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Sandra Wyer poses on the floor with packages stacked beside and behind her
Sandra Wyer started selling on Poshmark as a side hustle.
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Headshots of Ashley Louise wearing a blue blazer against a pink background and Jenn Robbins wearing a pink and purple floral shirt and glasses
Ashley Louise, left, a cofounder and the CEO of Ladies Get Paid, and Jenn Robbins, the founder of The Flexible Funnel Studio.
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Headshot of Cynthia Watson, executive chair at Virtira, in a long-sleeve black shirt
Cynthia Watson, executive chair at Virtira.
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Klaus Bensmann, a man with a long white beard, glasses and a tape measure hanging around his neck stands in his tailor shop.
Klaus Bensmann has been making authentic lederhosen since 1985 with the help of his wife and two women, who help with stitching.