business

business
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  • Brainstorm ideas
  • 3 Businesses i can start are car washing, a bakery, window cleaning stuff like that.
  • Build a business plan
  • Now here are 2 questions i can ask myself. what is the purpose of my business? How will I finance my startup costs?
  •  Assess Finances
  • I will finance my business by first saving up money from a job.It's never a bad idea to overestimate the amount of startup capital you need, as it can be a while before the business begins to bring in a sustainable revenue.If financial assistance is needed i will try to get a commercial loan through a bank but they are difficult to secure.I may wan't to consider an investor. Investors usually provide several million dollars or more to a fledgling company but backers will have a hands-on role in running your business.
  • Legal business structure
  • Before I can register my company, I need to decide what kind of entity it is. My business structure legally affects everything from how I file my taxes to my personal liability is something happens.If I own the business by myself i can register for a sole proprietorship but this route can directly affect your personal credit . But a partnership means that 2 or more people are personally liable business owners. If i can find a partner that has the skills i don't then it might go good.
  •  Register with the government and IRS
  • To become an officially recognized business entity, I must register with the government. Corporations will need an articles of incorporation document which has my  business name, purpose, corporate structure, stock details and other information about your company.or you will need to register my business name that can be anything. I might want to do steps to trademark you business name for extra legal protection.
  • Brand and advertise
  • Before I start selling my product or service, I need to build up my brand and get a following of people ready to jump when I open my literal or figurative doors for business.Create a logo that can help people easily identify my brand,and be consistent in using it across all platforms, including your all-important company website. Use social media to spread the word about my business and maybe a promotional tool to offer coupons and discounts to followers once I launch.I must keep these digital assets up to date with relevent, interesting content about my business and industry.
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