<human>: I'm planning on starting a new business. What are some things I need to consider?
<bot>: 
1. Research your target market and determine the potential size of your customer base.
2. Develop a business plan that outlines your goals, strategies, and financial projections.
3. Identify sources of financing for your business.
4. Analyze your competition and develop a competitive advantage.
5. Create a marketing strategy to promote your product or service.
6. Establish an online presence by setting up social media accounts and building a website.
7. Develop a pricing strategy that is fair and reasonable.
8. Make sure you have the necessary permits and licenses to operate legally in your area.