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How To Start a Business Guide

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  • Step-by-Step Guide to How to Start a Business Menu
    • Step 1: The Right Approach to Starting a Business
    • Step 2: Preparing Yourself to Be Successful
    • Step 3: Personal & Business Goals
    • Step 4: Advantages of Working from Home
    • Step 5: Ideas for a Small Business
    • Step 6: Register a Business Name & Get Licenses
    • Step 7: Financing Your Business Startup
    • Step 8: Choosing a Business Structure
    • Step 9: Choosing Your Professional Team
    • Step 10: Marketing Plan
    • Step 11: Writing a Business Plan
    • Step 12: Understanding Accounting
    • Step 13: Tax Breaks
    • Step 14: Creating a Website
    • Step 15: Resources

Goal Setting Template

Business Evaluation Matrix

BENEFIT Your Idea 1 Your Idea 2 Your Idea 3 2nd Job or Overtime Corporate America Franchise * My Business
Set own hours-work when you want (part or full time)             * Yes
Flexible work schedule-work day or night, weekdays or weekends             * Yes
Work from wherever you want to-home,RV, beach, golf course, lake, car, etc.             * Yes
No commute-no rush hour traffic to deal with             * Yes
Live wherever you want-small town, big city, different country, relocate, etc.             * Yes
No formal dress code-dress casually and comfortably             * Yes
Work for yourself-be your own boss-build equity in YOURSELF and not a boss           Yes * Yes
Work with who you want-not whom your boss tells you to           Yes * Yes
You cannot be downsized           Yes * Yes
 Your business is willable to your children, loved ones or favorite charity           Yes * Yes
Income is residual-you can continue to benefit from your initial efforts over and over             * Yes
None of the hassles, expenses or liabilities associated with having employees             * Yes
Potential tax benefits-especially on what you’re already spending money on           Yes * Yes
Low and attainable start up costs-little or no financial risk       Yes Yes   * Yes
Free professional training & consultation available             * Yes
No traditional barriers-experience, education, gender, age, etc.             * Yes
Gain personal growth and development that improves all aspects of your life             * Yes
Work with positive, outgoing, professional, people with similar goals             * Yes
You determine how much you earn             * Yes
Control of your own future             * Yes
Excellent timing-large and growing market for your product or service             * Yes
Perfect family business             * Yes
Minimal overhead-no office, warehouse, expensive equipment, etc.       Yes Yes   * Yes
Ability to capitalize on a global market place-not just your local area or market             * Yes
Pay no royalties or franchise fees to anyone       Yes Yes   * Yes
Success through working as a team instead of cut-throat competition             * Yes
Ability to leverage your time with the efforts of others           Yes * Yes

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  • Step-by-Step Guide to How to Start a Business Menu
    • Step 1: The Right Approach to Starting a Business
    • Step 2: Preparing Yourself to Be Successful
    • Step 3: Personal & Business Goals
    • Step 4: Advantages of Working from Home
    • Step 5: Ideas for a Small Business
    • Step 6: Register a Business Name & Get Licenses
    • Step 7: Financing Your Business Startup
    • Step 8: Choosing a Business Structure
    • Step 9: Choosing Your Professional Team
    • Step 10: Marketing Plan
    • Step 11: Writing a Business Plan
    • Step 12: Understanding Accounting
    • Step 13: Tax Breaks
    • Step 14: Creating a Website
    • Step 15: Resources

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