10 steps to starting a business

 

 

Write a business plan

 

• write down the goals and objectives for your new company started with a detailed outline of what you plan to accomplish

 

 

Obtain startup capital

 

• Whether you use your own savings or obtain loans starting a business requires money and the process can take months to complete, so start early

 

Set up a legal business structure

 

• setting your company as a corporation or LLC are popular legal structures for many businesses This protects owners' personal assets from business debts and liabilities

 

Obtain a federal employer identification number

 

• Incorporated businesses that hire employees must have one of these. They are issued by the IRS.

 

Get your business license

 

• Most state, county and local governments require businesses to obtain licenses before they begin to operate

 

Establish a web presence

 

• having a website is essential in today's business world of Internet searches and social media
• register a URL that is memorable and relevant to your company and your industry

 

Develop business collateral

 

• businesses use customize letterheads, cards and forms with their company name, logo and website to establish credibility

 

Open a bank account and merchant account

 

• to protect their corporate work or LLC veil , businesses must maintain separate business and personal accounts and records

 

Identify where to get help

 

• know where and when to seek advice from other sources, such as attorneys and account to assist you with specific questions about your business,
• establish a board of advisers or mentors to help you along the way

 

Follow government rules

 

• operating a business means satisfying ongoing government and legal requirements to maintain the company's good standing
• stay aware of the steps needed to maintain your company's status

 

 

 

Related Books

 

 

 

• Pinpoint your target market
• Uncover the changing sources of funding for startup and growth
• Use the latest technology to boost and streamlined your business plan
• Learn the secrets of successful marketing and profitable partnerships
• Discover digital and social media tools and how to benefit from them
• Understand important tax requirements, employee policies, and legalities
• Take advantage of the hundreds of resources included
• Receive vital forms, worksheets, and checklists

 

 

 

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