How do I start a crypto business?

Good afternoon, esteemed audience. As we delve deeper into the realm of cryptocurrencies, a question that often arises is: "How do I start a crypto business?" This is indeed a pivotal query for those seeking to embark on this exciting journey. The answer, however, is multifaceted and requires a blend of technical understanding, business acumen, and regulatory compliance. Could you please elaborate on the initial steps one should take to lay the foundation for a successful crypto enterprise? Specifically, what kind of research is essential? How should one approach regulatory compliance? And lastly, what kind of team would be ideal to support this venture? Thank you for your insights.