<human>:  What is the most practical way to start a small business?
<bot>: The most practical way to start a small business is to start with a well-researched business plan. Begin by researching the market, competitors, and customers. Outline the goals and objectives of your business, and find ways to minimize costs and increase income. Be sure to create a detailed budget and plan for contingencies as well. Finally, make sure you are well-funded, since new businesses often require a lot of initial capital to start.