Start up business

Start up business


No alt text provided for this image


Follow the?10 steps from the Small Business Administration (SBA) to starting a business. You’ll learn about writing a business plan, determining the legal structure of your business, and more.

No alt text provided for this image


Conduct market research

Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.

Write your business plan

Your business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to convince people that working with you — or investing in your company — is a smart choice.


No alt text provided for this image


Fund your business

Your business plan will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to either raise or borrow the capital. Fortunately, there are more ways than ever to find the capital you need.


Pick your business location

Your business location is one of the most important decisions you’ll make. Whether you’re setting up a brick-and-mortar business or launching an online store, the choices you make could affect your taxes, legal requirements, and revenue.

No alt text provided for this image

?

?Choose a business structure

The legal structure you choose for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability.

Choose your business name

It’s not easy to pick the perfect name. You’ll want one that reflects your brand and captures your spirit. You’ll also want to make sure your business name isn’t already being used by someone else.

Register your business

Once you’ve picked the perfect business name, it’s time to make it legal and protect your brand. If you’re doing business under a name different than your own, you’ll need to register with the federal government, and maybe your state government, too.

Get federal and state tax IDs

You’ll use your employer identification number (EIN) for important steps to start and grow your business, like opening a bank account and paying taxes. It’s like a social security number for your business. Some — but not all — states require you to get a tax ID as well.

Apply for licenses and permits

Keep your business running smoothly by staying legally compliant. The licenses and permits you need for your business will vary by industry, state, location, and other factors.

Open a business bank account

A small business checking account can help you handle legal, tax, and day-to-day issues. The good news is it’s easy to set one up if you have the right registrations and paperwork ready.

No alt text provided for this image


Evelyn Huang

Study abroad consultant

3 年

When starting a business, you may decide to hire some help. Find information about hiring your first employee, including how to start the hiring process. You can also get information about key federal and state regulations that your business will need to comply with.

回复

要查看或添加评论,请登录

Jacob Li的更多文章

  • China's new energy vehicles are mainly exported to...

    China's new energy vehicles are mainly exported to...

    Since 2021, with the outbreak of the world's new crown epidemic, China's auto industry chain's advantage of greater…

  • The 4 Ps of Marketing: What They Are and How to Use Them

    The 4 Ps of Marketing: What They Are and How to Use Them

    The four Ps are a “marketing mix” comprised of four key elements—product, price, place, and promotion—used when…

  • Strategic Sourcing

    Strategic Sourcing

    Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used…

  • Solar Energy Technologies Benifits

    Solar Energy Technologies Benifits

    The amount of sunlight that strikes the earth's surface in an hour and a half is enough to handle the entire world's…

  • Tips for Writing a Good Article Quickly

    Tips for Writing a Good Article Quickly

    Bloggers, freelance writers, copywriters, and other content creators are often faced with a seemingly impossible task:…

  • Certifications

    Certifications

    What is certification? Having a certification means you have an official document that proves your capabilities and…

  • How to Stop Competitors from Poaching Our Talent

    How to Stop Competitors from Poaching Our Talent

    The poaching of a key member of staff can be very damaging for your business, and it’s no surprise that companies take…

    2 条评论
  • How to Become a Better Person

    How to Become a Better Person

    We all want to be our best, but many people wonder if it's actually possible to become a better person once you're an…

  • Entrepreneurs need to start their business

    Entrepreneurs need to start their business

    Entrepreneurs need to start their business in places where there is a strong entrepreneurial atmosphere and have the…

  • The Benefits of a Webinar

    The Benefits of a Webinar

    Utilizing webinars can be rewarding for any business out there, irrespective of its industry of operation. If you have…

社区洞察

其他会员也浏览了