Okay, You Have an Idea for Starting a Small Business… Now What?

admin    Website Design Resources     Business…, idea, Okay, Small, Starting

Here are 5 basic things to consider before starting your new small business:

 

Decide on the legal stuff: The three basic legal forms are sole proprietorship, partnership, and corporation. The most common is the sole proprietorship. Here you are the owner, and you don’t require any employees.
Register with your county: If the business name you choose is different form your name, file an assumed (DBA – Doing Business As) name certificate with the county. You are notified if another business already has that name, so you can select a new one.
Determine where the start-up money is coming from: There are three ways to finance start-up costs: use your own money, obtain a loan, or find investors. If possible, it is better to start small, use your savings, and not worry about repaying a debt.
Open a business checking account and set up bookkeeping: Call several banks to find out what services they offer. Bank fees can be significant, so shop around for the best deal. Then, set up a simple book keeping method with the bank software or use one of the best and least expensive for small business needs that can be found at QuickBooks.com.
Create your new business’ image: today’s businesses of any size require a website, logo, business cards, letterhead, and advertising brochures to make an impression on potential customers. If you are not certain what is most suitable and effective, consult a graphics designer or advertising agency that can also help you register your site with search engines and linking directories.

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