Small businesses are the backbone of the American economy. The truth is small businesses are responsible for the majority of jobs in the United States. The freedom and unlimited income that owning your own business can deliver, makes it an attractive alternative to aspiring entrepreneurs. To secure small business success however, there are few steps to starting a small business that must be followed.
Small Business Start Up Step #1:
Have a good idea of what kind of small business you would like to start up. If you can choose something that you are passionate about, it will make it easier for you to promote.
Small Business Start Up Step #2:
Get a good estimate as to how much money you will need to get the business started. It is crucial to make sure you include all expenses. The majority of companies fail within the first year in operation due to lack of funds.
Small Business Start Up Step #3:
Organize your priorities to make sure you will have enough time to dedicated to you business. Remember, you wont make any money unless you produce. If you do not have enough time to dedicate to your business, then you make want to reconsider.
Small Business Start Up Step #4:
Decide whether your small business will be a partnership, Limited Liability Company(LLC) or a sole proprietorship. When selecting you business entity, you should choose wisely because each entity has its own characteristics. For more detailed information, you can visit your local goverment center.
Small Business Start Up Step #5:
Select a name for your company. You should take some time when choosing your legal business name or company name because that is what people use to identify you. Your legal business name can be different from operating name.
Small Business Start Up Step #6:
Decide what is going to be the premier location for your business. It is vital to your success to choose a location that is convenient for your target audience. If your business is a home based opportunity, then it is important to evaluate how many competitors you will have to compete with.
Small Business Start Up Step #7:
Register your business properly by getting your EIN (Employer Identification Number) and Articles Of Organization submitted to the Secretary Of State.
Small Business Start Up Step #8:
Put together a solid business plan. A good plan should include a marketing strategy that will give you a chance to succeed. Your marketing strategy should include information on your competitors and how you plan on offering something different.
Small Business Start Up Step #9:
Decide on a strategy to ensure that your profits are not walking out the door. Proper bookkeeping will keep you abreast on what adjustment needs to be implemented to secure your long term success.
Small Business Start Up Step #10:
The last step to securing your business is also the most vital. This step cannot be avoided because your doors will not open unless you follow the guidelines as set by your county, state and Federal Goverment. Make sure all applicable taxes, rules, regulations, and permits are acquired and kept up to date.
The steps to starting a small business are not as difficult as many people may think, but they are mandatory. The joy and sense of accomplishment you will get from running your own business successfully cannot be expressed in words, doing you due diligence will help your transition go a lot smoother. - 15246
Small Business Start Up Step #1:
Have a good idea of what kind of small business you would like to start up. If you can choose something that you are passionate about, it will make it easier for you to promote.
Small Business Start Up Step #2:
Get a good estimate as to how much money you will need to get the business started. It is crucial to make sure you include all expenses. The majority of companies fail within the first year in operation due to lack of funds.
Small Business Start Up Step #3:
Organize your priorities to make sure you will have enough time to dedicated to you business. Remember, you wont make any money unless you produce. If you do not have enough time to dedicate to your business, then you make want to reconsider.
Small Business Start Up Step #4:
Decide whether your small business will be a partnership, Limited Liability Company(LLC) or a sole proprietorship. When selecting you business entity, you should choose wisely because each entity has its own characteristics. For more detailed information, you can visit your local goverment center.
Small Business Start Up Step #5:
Select a name for your company. You should take some time when choosing your legal business name or company name because that is what people use to identify you. Your legal business name can be different from operating name.
Small Business Start Up Step #6:
Decide what is going to be the premier location for your business. It is vital to your success to choose a location that is convenient for your target audience. If your business is a home based opportunity, then it is important to evaluate how many competitors you will have to compete with.
Small Business Start Up Step #7:
Register your business properly by getting your EIN (Employer Identification Number) and Articles Of Organization submitted to the Secretary Of State.
Small Business Start Up Step #8:
Put together a solid business plan. A good plan should include a marketing strategy that will give you a chance to succeed. Your marketing strategy should include information on your competitors and how you plan on offering something different.
Small Business Start Up Step #9:
Decide on a strategy to ensure that your profits are not walking out the door. Proper bookkeeping will keep you abreast on what adjustment needs to be implemented to secure your long term success.
Small Business Start Up Step #10:
The last step to securing your business is also the most vital. This step cannot be avoided because your doors will not open unless you follow the guidelines as set by your county, state and Federal Goverment. Make sure all applicable taxes, rules, regulations, and permits are acquired and kept up to date.
The steps to starting a small business are not as difficult as many people may think, but they are mandatory. The joy and sense of accomplishment you will get from running your own business successfully cannot be expressed in words, doing you due diligence will help your transition go a lot smoother. - 15246
About the Author:
Marc Marseille is a seasoned internet professional with several resources online providing business start up advice to many. Check out The Money Stretchers Mall discount ebook store for 1000's of information products on steps to starting a small business.
