How to Start a Small Business

For all those interested in starting their own small business, this article is for you!

This article's tips include:

◾️ Refine Your Business Idea
Maybe you love making soap and want to open a soap shop in your small town that already has three close by—it won’t be easy to corner the market when you’re creating the same product as other nearby stores.
◾️ Choose Your Structure
When structuring your business, it’s essential to consider how each structure impacts the amount of taxes you owe, daily operations and whether your personal assets are at risk.
◾️ Register and Paperwork
▪️ Choose Your Business Name
▪️ Business Name vs. DBA
▪️ Register Your Business and Obtain an EIN
▪️ Get Appropriate Licenses and Permits
◾️ Fund Your Business
There are many different ways to fund your business—some require considerable effort, while others are easier to obtain. Two categories of funding exist: internal and external.
◾️ Business Tools and Market
Business tools can help make your life easier and make your business run more smoothly. The right tools can help you save time, automate tasks and make better decisions. Many business owners spend so much money creating their products that there isn’t a marketing budget by the time they’ve launched. Alternatively, they’ve spent so much time developing the product that marketing is an afterthought.