Starting a business involves planning, making key financial decisions and completing a series of legal activities. Although none of this sounds like fun, it's all very important. If you've been on the sidelines waiting for your chance to become an entrepreneur, these steps should clear things up for you. Even if you happen to run an existing small business this may be the time to brush-up and determine whether you may have skipped...or skimped on something that's crucial for your company. These 10 easy steps can help you plan, prepare and manage your business. Click on each step below for more information. To find this and (much) more visit www.sba.gov
Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.
Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.
Get advice on how to select a customer-friendly location and comply with zoning laws.
Find government backed loans, venture capital and research grants to help you get started.
And here's another resource. We'e discovered this handy guide to help you compare the best options to fit your particular situation. It includes a list of lenders that offer the best small business loan rates, and provides an in-depth review of each lender including how the company started, the benefits and drawbacks of using each lender, potential origination fees, loan amounts and terms, and more. Check out the guide right here.
Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.
Register your business name with your state government.
Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency.
Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.
Get a list of federal, state and local licenses and permits required for your business.
Learn the legal steps you need to take to hire employees.
Let's talk! I'd love to hear what other steps you take to maintain your small business!
Do you have any small business tips to share? I would LOVE to hear from you!
Oh by the way, in case you're looking for something to help with time management, we've got this fun little quiz to test your productivity. Are you a Vodka & Red Bull? A Dirty Dirty? Or a plucky Blue Sapphire? Find out which cocktail you are by taking our quiz right now!
P.S. Of course that's not all we've got! Searching for more tips about running a business?
Then definitely take a look at these:
I'd love to hear your ideas! So please comment below and then SHARE!
Disclosure: The Party Goddess! is a participant in the Amazon Services LLC Associates Program. This post contains affiliate links, which means I may receive a small commission, at no cost to you, if you make a purchase through an amazon.com link. However, these are all products I highly recommend and support!