In this guide to starting a business, we go step-by-step through the critical decisions that make the difference between success and failure in a business start-up. I have a huge passion for business and have put together this guide that I’ve used to counsel many entrepreneurs to get the life they dreamed of.
Here are the steps that can teach an entrepreneur how to start a business. Take these steps in order and don’t skip any to maximize your business startup success:
Step 1: Daunting odds don’t have to stop you. Read this short introduction to taking the right approach to making real money when starting a business.
Step 2: Find the “Entrepreneur Source” to help you prepare yourself to become successful and leave your full-time job (don’t skip this all-important step, it will tell you what to expect when you start your business and how to be prepared for it). Decide whether to start part time or full time.
Step 3: Determine your personal and business goals so you can decide whether your business idea is right for you!
Step 4: The advantages and disadvantages of working from home.
Step 5: Ideas for a small business.
Step 6: Register a business name, licenses and permits.
Step 7: Deciding on how much start-up capital is needed and how to finance a business start-up.
Step 8: Choose the right business entity such as the sole proprietorship, partnership, corporation and LLC.
Step 9: Choose carefully your accountant, your marketing adviser/coach, your payroll service or software, and your attorney.
Step 10: The importance of a start-up marketing plan and the eight strategies every startup business should include in their marketing plan.
Step 11: The business plan and why it is crucial to the success of your business.
Step 12: Accounting help designed to help you understand the basics of accounting, get accounting help, and find simple accounting software that is right for your business.
Step 13: How to take advantage of tax breaks.
Step 14: Chances are these days that a website will contribute greatly to your business even if you are not planning an online business. We provide you with a step-by-step guide to get the most out of your online presence without spending the thousands of dollars you would have to pay somebody to do it for you.
Step 15: Use our resource page to find the very best in online resources to help in starting your business. One of the most powerful, yet ignored weapons in your marketing weapon store is your business cards. Another great resource is relationship management which can streamline the repetitive tasks of starting your own business.
By following all the above steps in order you will not only learn how to start a business, you will be on the best track for business success.
For a step-by-step guide for registering and licensing a business for every state, check out StartingYourBusiness.com