A Guide for Business Start Up

Perhaps more than owning a dream house or buying their first car, having their own business remains the ultimate goal of most people. Changing your status from an employee to an employer, sounds good right?

You don't necessarily need a college degree, a lot of money in the bank or even business experience to be an entrepreneur. However, what you do need is a strong plan and the drive to see make it through. The most difficult aspect in any endeavor is starting it. Starting a business requires patience, resourcefulness, determination, and most of all, COMMITMENT. If you believe you have these attitudes, then the time to pursue your business is now! Now, what should I do?

Here are the steps you’ll need to know to become your own boss...

1. Evaluate yourself

· Why do you want to start a business?

· Where is your area of expertise?

· How much capital do you need?

· Are you even ready to be an entrepreneur?

2. Think of a business idea

Decide what is your primary motivation for starting this. Start with some that relate to your personal interests, hobbies, experience, or professional network, but don't limit yourself to them.

3. Do your research

In order for a small business to be successful, it must solve a problem, fulfill a need or offer something the market wants.

· Is there a need for your anticipated products/services?

· Who needs it?

· Are there other companies offering similar products/services now?

· How will your business fit into the market?

4. Make a Plan

A business plan is a blueprint that will guide your business from the start-up phase through establishment and eventually business growth. Your business plan should be a tool you use to run and grow your business, something you continue to use and refine over time.

5. Plan your Finances

Put together a spreadsheet that estimates the one-time startup costs for your business. As well as what you anticipate you will need to keep your business running for at least 12 Months.

6. Choose a business structure

Your small business can be a sole proprietorship, a partnership, a limited liability company (LLC) or a corporation. The business entity you choose will impact many factors from your business name, to your liability, to how you file your taxes.

7. Get all of the Legal Aspects

• Business name

• Register your business

• Federal tax ID

• State tax ID

• Permits (more on permits here)

• License

• Necessary bank account

• Trademarks, copyrights or patents

8. Brand yourself

Before you start selling your product or service, you need to build up your brand. Create a logo that can help people easily identify your brand, and be consistent in using it across all of your platforms.

9. Grow your Business

Your launch and first sales are only the beginning of your task as an entrepreneur. In order to make a profit and stay afloat, you always need to be growing your business. It's going to take time and effort, but you'll get out of your business what you put into it.

10. Advertise!

Create your very own website. Use social media ( Facebook, Twitter, Instagram, Blogs, etc. ) to spread the word about your new business, perhaps as a promotional tool to offer coupons and discounts to followers once you launch. Be sure to also keep these digital assets up to date with relevant, interesting content about your business and industry. And I can help you with that, visit my page.

“The best reason to start an organization is to make meaning -- to create a product or service to make the world a better place.”-Guy Kawasaki