Sunday, 9 January 2011

Guidelines for opening a small business | help businesses

    Company name and structure

  1. One of the first steps in starting a business is giving it a name. Your name is the legal business name if you run a sole proprietorship. If you are part of a company or corporation, the trade name is one you register with your state. Each state has different requirements on how to register a business name and get a doing business as (DBA) certificate.
  2. Business Plan

  3. Business plans describe your business in detail, gives its purpose and objectives, and outlines its future goals. These plans are often required by financiers and investors who can provide operating funds. Think of a business plan as a living document that can change as your business grows.
  4. Corporate Finance

  5. Perhaps no other part of the opening of a business is harder than getting the money to start and operate. The federal, provincial and local, as well as banks and venture capitalists offer a variety of programs to provide seed money to start small businesses on the ground. These include low-interest loans, capital investment and development grants.
  6. Prospecting for Clients

  7. Without customers, no matter how wonderful your product or service. For new customers, you should think about what your customers need and the market for these needs.
  8. Management

  9. State and local governments have a number of licenses and permits for most business requirements. This is in addition to being properly registered to be taxed. Small entrepreneurs must also register with the competent authorities to obtain a tax identification number, workers compensation, and unemployment and disability insurance. Besides the bureaucratic requirements, it is a good idea to get the bookkeeping and legal aid to provide advice on your operations.

help start a small business

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