How to Start a Business - A Few Necessary Steps
The United States was founded by individuals who started and ran their own businesses.
The "American dream" is often thought of as the ability one has in this country to start and run a business.
To pursue what it is that one is passionate about and create or distribute a service or good of value to others and in turn be compensated for your efforts.
As simple as this sounds, only a handful of people ever start a business and just as few ever know how to start a business in US.
Perhaps it is lack of motivation or vision, but a lot of this has to do with being hung up by the fact that one does not know what steps to take.
I will highlight in this article a few initial steps necessary to understand how to start a business in US.
Select and Register Name After you know what type of business you would like to start, begin by selecting a name for that business.
Once you have selected your name, make sure to register it with your governing state agency.
In addition to selecting and registering your business name, I recommend you get a trademark as well in order to protect it from being used by someone else.
Select the type of Business I recommend for this you do your own research as there are many different ways you can incorporate or manage the tax structure of your business.
This will depend on how many employees you intend to have, how many people are going into the business together and so on.
Another good idea is to check out one of the main national book retail stores and sift through the books in that section.
Set up Tax ID and open checking account Once you have your name and type of business you can apply for a tax ID.
This will allow you to open a bank account for your business and it functions as your necessary identification for all formal documents in your business.
When you go to a bank to open up your checking account the Tax ID number will serve as the specific identification to your business as its own entity.
Find location and get permits Once you have your accounts set up through the bank you need to find a location for your business.
This might be strategic based on where you could get the most customers or it could be anywhere you find the best deal on a space.
If you work out of your home, this makes things a little easier.
You want to check with the city and county once your location is established and obtain all necessary licensing and permits required by the ordinances.
The Marketing Plan This is probably the most enjoyable aspect of the entire process.
Here you get to set forth the game plan of how you grow your endeavor.
Include goals with clear timelines of when you would like to reach them.
An example of a goal may be a revenue goal for the year or number of new customer; however you choose to run your business.
Make sure that your goals are measurable so you can chart progress and adjust them accordingly.
Now you have some of the necessary step you must take to know how to start a business in US.
It is far from an easy task, but it is simple.
In order to succeed in any endeavor you must have a strong level of commitment and not allow yourself to get dissuaded from your goals.
It is a challenging but rewarding endeavor and people that had the courage to start their own business are responsible for many of the products and services we use today.
There are certainly many opportunities that one can start these days that does not require the same amount of initial set up of a traditional business.
I would encourage you to look online at various forms of internet businesses that do not require any overhead costs.
The opportunities are endless for the entrepreneur who want to know how to start a business in US; as the internet provides new avenues for business online and marketing for traditional brick and mortar shops.
The "American dream" is often thought of as the ability one has in this country to start and run a business.
To pursue what it is that one is passionate about and create or distribute a service or good of value to others and in turn be compensated for your efforts.
As simple as this sounds, only a handful of people ever start a business and just as few ever know how to start a business in US.
Perhaps it is lack of motivation or vision, but a lot of this has to do with being hung up by the fact that one does not know what steps to take.
I will highlight in this article a few initial steps necessary to understand how to start a business in US.
Select and Register Name After you know what type of business you would like to start, begin by selecting a name for that business.
Once you have selected your name, make sure to register it with your governing state agency.
In addition to selecting and registering your business name, I recommend you get a trademark as well in order to protect it from being used by someone else.
Select the type of Business I recommend for this you do your own research as there are many different ways you can incorporate or manage the tax structure of your business.
This will depend on how many employees you intend to have, how many people are going into the business together and so on.
Another good idea is to check out one of the main national book retail stores and sift through the books in that section.
Set up Tax ID and open checking account Once you have your name and type of business you can apply for a tax ID.
This will allow you to open a bank account for your business and it functions as your necessary identification for all formal documents in your business.
When you go to a bank to open up your checking account the Tax ID number will serve as the specific identification to your business as its own entity.
Find location and get permits Once you have your accounts set up through the bank you need to find a location for your business.
This might be strategic based on where you could get the most customers or it could be anywhere you find the best deal on a space.
If you work out of your home, this makes things a little easier.
You want to check with the city and county once your location is established and obtain all necessary licensing and permits required by the ordinances.
The Marketing Plan This is probably the most enjoyable aspect of the entire process.
Here you get to set forth the game plan of how you grow your endeavor.
Include goals with clear timelines of when you would like to reach them.
An example of a goal may be a revenue goal for the year or number of new customer; however you choose to run your business.
Make sure that your goals are measurable so you can chart progress and adjust them accordingly.
Now you have some of the necessary step you must take to know how to start a business in US.
It is far from an easy task, but it is simple.
In order to succeed in any endeavor you must have a strong level of commitment and not allow yourself to get dissuaded from your goals.
It is a challenging but rewarding endeavor and people that had the courage to start their own business are responsible for many of the products and services we use today.
There are certainly many opportunities that one can start these days that does not require the same amount of initial set up of a traditional business.
I would encourage you to look online at various forms of internet businesses that do not require any overhead costs.
The opportunities are endless for the entrepreneur who want to know how to start a business in US; as the internet provides new avenues for business online and marketing for traditional brick and mortar shops.
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