How do you start your own business?

Question

I need step by step help. I've been selling and making money.... now what? I know I have to pay taxes and make it all legit. Where do I go? Who do I need to talk to? Can someone please tell me like you were teaching a 5 year old child?

Answer 1

First you need to decide on a Name and go to the Secretary of State and become Incorporated (preferrable do a Limited Liability Corporation because this limits the Liability)

Secondly, go to www.internal revenue services and select (EIN which stands for Employer Identification Number it will guide you through the steps to obtain your number via your computer and you can print it out on the spot to obtain your number.

Answer 2

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:

* How to Really Start Your Own Business, Fourth Edition by David E. Gumpert
* How to Really Create a Successful Business Plan: Step-by-Step Guide by David E. Gumpert
* What No One Ever Tells You about Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business) by Jan Norman
* Business Start-Up Kit by Steven D. Strauss
* Start Your Own Business (Entrepreneur Magazine's Start Up) by Rieva Lesonsky

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 3

Starting a small business takes a lot of courage. But, as they say, courage does not pay the bills. To be successful – to stay in business – you need more than courage. You need a combination of hard work, skill, perseverance, and lots of luck.

Some things you need to consider:
- "How can I support my family while I build up by business?"
- "What are my abilities?"
- "Is there a market for the product or service I have chosen?"
- "How long will it take this business to reach the financial goal I have?"

Here are six basic steps to launch a new business successfully:

1. Provide a benefit.
2. Determine the fit with your market.
3. Right timing is everything
4. Be ready to support your business
5. Develop a blueprint for success
6. Market, market, market

There is so much to learn about starting a business that it is hard to put everything here. I suggest that you to check out the following websites and learn from their content:

Entrepreneur http://www.entrepreneur.com
Inc.com http://www.inc.com
SBA http://www.sba.gov/starting_business/...

I strongly recommend that you avail SBA's free online courses on various aspects of starting a business -- from developing a business plan to taxes to business management to marketing http://www.sba.gov/training/courses.html

I recommend that you read the following books:

- What No One Ever Tells You About Starting Your Own Business : Real Life Start-Up Advice from 101 Successful Entrepreneurs
- Starting From Scratch: How To Start A Business When You Don't Have Money
- If You're Clueless About Starting Your Own Business and Want to Know More
- On the Move : How to Succeed and Survive As an Entrepreneur
- How to Make 1000 Mistakes in Business and Still Succeed

If you need guidance in starting a business, there are several places that provide help to starting entrepreneurs. Here are places where you may be able to find a mentor:

- Government Mentoring Programs such as SBDCs, which works with community colleges and local business development councils to offer mentoring programs http://www.sba.gov/sbdc/sbdcnear.html ; or the Women's Network for Entrepreneurial Training http://www.sba.gov/womeninbusiness/wnet_roundtables.html
- Volunteer programs such as SCORE http://www.score.org which is composed of mostly retired executives and entrepreneurs
- Formal mentoring programs such as Athena Foundation http://www.athenafoundation.org/programs/globallinks.html , Helzberg Entrepreneurial Mentoring Program http://www.helzbergmentoring.org/HEMP/ , or The Aspen Institute MicroMentor Program http://www.micromentor.org
- Professional organizations such as the National Women’s Business Council http://www.nwbc.gov/Mentoring/programs.html
- Industry and trade associations
- Local business groups, such as the chamber of commerce
- Local chapters of business groups

Answer 4

I would get your idea down on paper because if you need a bank loan to get started you need a business plan.

I did a free course on start up businessess and basically you need to know your market and market it hard.

You also need to look at competition too. There are no real advice I can give you, you just need to research your idea and contact organisations that could help you.

Here in the UK there is something called the European fund whereby if you have planned what you want to do properly they will give you a start up grant.

Do you know anybody who owns their own business? If so go and talk to them and ask them how they got started. They do say that 50% of new businessess fold by year 3. I sure hope yours doesn't.

Good luck.

Answer 5

Things to consider, complete knowledge and background, eagerness and dedication, advantages and disadvantages should be considered. Capital and more investments.

Answer 6

Your best bet is to take a college course

Answer 7

signs but get organized firts

Answer 8

try be an a Travel Agent with YTB!!!

Free training 24/7
Earn travel comissions
Tax deductibles
and more.....................
for more information please be free to email me at [e-mail]