Written by: Tamiya Barnes
SO, YOU WANT TO BE YOUR OWN BOSS?
You have a great business idea, and you’re eager to get started.
BUT WHERE DO YOU BEGIN?
Before you quit your day job and hang up your shingle, there are a few things you need to do to get your business off the ground. In this post, we’ll walk you through the basics of starting a business.
community? Once you have a general idea of the kind of business you want to start, you can move on to the next step.
STEP 2: WRITE A BUSINESS PLAN
Now that you have an idea of what kind of business you want to start, it’s time to start putting your plans on paper (or screen). A business plan is essential for any new business; it will help you determine your goals, map out your strategies, and track your progress over time. Not sure how to
write a business plan? Check out our blog post on How to Write a Business Plan in 8 Steps.
Consider factors like liability, taxes, and how much control you want over the direction of the company when choosing which structure is right for your business. You can always change your mind later if needed; for now, just pick the one that makes the most sense for your situation.
STEP 4: GET REGISTERED
Once you’ve chosen a name and structure for your business, it’s time to get official and register with the state. This process will vary depending on your state and chosen business structure; visit SBA.gov for more information on registering your business. After registering, be sure to apply for
any licenses or permits required by your local government; again, SBA.gov can point you in the right direction.
Starting a new business is exciting but also daunting; there’s so much to do! But don’t worry, we’re here to help. In this blog post, we’ve walked you through the basics of getting started. Now it’s up to you to take the next steps towards realizing your dream of owning your own business!