Post by PickyChicky on Aug 11, 2013 9:32:17 GMT -6
Are you thinking about starting a business of your own? Explore the topics below to learn the aspects of starting a business, plus find information you need to succeed.
Thinking About Starting a Business? Starting a business is an exciting prospect, but can be overwhelming when you realize just what that entails. The resources in this section will help you weed through everything you need to know to start a business.
Create Your Business Plan Drawing up a business plan will help you outline where you need to start and what that will take, size up your competition, analyze demographics, and project what you'll need to do to accomplish the long term goals you have for your business. The business plan is typically the document businesses present to banks and investors when seeking financing.
Choose Your Business Structure It is important to learn about the different types of business structures to ensure you're choosing the right one for your business as each has different legal and tax obligations.
Choose & Register Your Business Name This is an important step in the process to ensure that you're setting up and operating your business legally and will help in getting financial aid from the government.
Obtain Business Licenses & Permits Every state and municipality has different requirements for legally operating your business. Some may not even require you to obtain any licenses and permits, but you must at least have a Sales Tax Permit if you're operating in a state that requires you to collect sales tax from your in-state customers.
Learn About Business Law & Regulations It is important that you do your research to see which, if any, laws and regulations apply to you.
Finance Your Business Starting, operating, maintaining, and growing a business can cost a good deal of money, particularly if you're having to buy stock upfront, hire employees, and solely relying on your new business's revenue to support yourself. To improve your chances of success, you should seriously consider checking out all of the options available to you.
Explore Loans, Grants & Funding There are a variety of financing options available for small businesses. Refer to this section to learn more about what those options are.
Filing & Paying Taxes While everyone has to pay taxes, the type of business you have and whether or not you have employees other than yourself will determine what your tax obligations are. For example, if you have employees, you will need a Tax ID, which is free to obtain from the IRS.
Choose Your Location & Equipment Many small businesses start by operating out of a residence, but do not think this section may not apply to you because every state and municipality is different. You may just find that there are zoning laws for operating your business from a residence, so you should check out this section even if you don't think it applies to you. Plus, this section also provides information on leasing and/or buying equipment and you may even find low-cost equipment via government surplus sales.
Hire & Retain Employees Not every small business will start with a staff outside of the owner(s). However, if you need or are ready to hire employees, you need to learn about employment and labor laws, as well as what your obligations will be to make sure your business is compliant.
You will find even more great information by visiting the page the above was pulled from. For example, there are recent blog articles regarding starting a business, including 10 ways to make the most of social media for your business. You should also browse around the site to see what other helpful information, tools and resources are made available to you because there is a LOT.
I have always found the SBA to be among the greatest resources for small businesses, no matter what type of business you have or product/service you offer. So I highly recommend that you bookmark as many pages on their site as you find useful to you and your business. I suggest you even create a new bookmark folder for the SBA to save those bookmarks to because you may have difficulty finding your way back to the information you've found simply because there IS so much information available.
Source: www.sba.gov/category/navigation-structure/starting-managing-business/starting-business
Thinking About Starting a Business? Starting a business is an exciting prospect, but can be overwhelming when you realize just what that entails. The resources in this section will help you weed through everything you need to know to start a business.
Create Your Business Plan Drawing up a business plan will help you outline where you need to start and what that will take, size up your competition, analyze demographics, and project what you'll need to do to accomplish the long term goals you have for your business. The business plan is typically the document businesses present to banks and investors when seeking financing.
Choose Your Business Structure It is important to learn about the different types of business structures to ensure you're choosing the right one for your business as each has different legal and tax obligations.
Choose & Register Your Business Name This is an important step in the process to ensure that you're setting up and operating your business legally and will help in getting financial aid from the government.
Obtain Business Licenses & Permits Every state and municipality has different requirements for legally operating your business. Some may not even require you to obtain any licenses and permits, but you must at least have a Sales Tax Permit if you're operating in a state that requires you to collect sales tax from your in-state customers.
Learn About Business Law & Regulations It is important that you do your research to see which, if any, laws and regulations apply to you.
Finance Your Business Starting, operating, maintaining, and growing a business can cost a good deal of money, particularly if you're having to buy stock upfront, hire employees, and solely relying on your new business's revenue to support yourself. To improve your chances of success, you should seriously consider checking out all of the options available to you.
Explore Loans, Grants & Funding There are a variety of financing options available for small businesses. Refer to this section to learn more about what those options are.
Filing & Paying Taxes While everyone has to pay taxes, the type of business you have and whether or not you have employees other than yourself will determine what your tax obligations are. For example, if you have employees, you will need a Tax ID, which is free to obtain from the IRS.
Choose Your Location & Equipment Many small businesses start by operating out of a residence, but do not think this section may not apply to you because every state and municipality is different. You may just find that there are zoning laws for operating your business from a residence, so you should check out this section even if you don't think it applies to you. Plus, this section also provides information on leasing and/or buying equipment and you may even find low-cost equipment via government surplus sales.
Hire & Retain Employees Not every small business will start with a staff outside of the owner(s). However, if you need or are ready to hire employees, you need to learn about employment and labor laws, as well as what your obligations will be to make sure your business is compliant.
You will find even more great information by visiting the page the above was pulled from. For example, there are recent blog articles regarding starting a business, including 10 ways to make the most of social media for your business. You should also browse around the site to see what other helpful information, tools and resources are made available to you because there is a LOT.
I have always found the SBA to be among the greatest resources for small businesses, no matter what type of business you have or product/service you offer. So I highly recommend that you bookmark as many pages on their site as you find useful to you and your business. I suggest you even create a new bookmark folder for the SBA to save those bookmarks to because you may have difficulty finding your way back to the information you've found simply because there IS so much information available.
Source: www.sba.gov/category/navigation-structure/starting-managing-business/starting-business
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