My husband and I really want to start a business. What are the first steps in starting a business.?

Question

Also, what about employees. How many hoops do we have to jump through with that and the state?

Answer 1

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 2

There is a program called the Small Business Administration that will answer all your questions. Know that better than fifty percent of all new small business fail within the first year.

The employees, you have to provide worker's comp for injury, sick leave, vacation time, etc., unless you hire them as independent contractors, i.e., Avon sales people.

You will need a business license in the state and county, and possibly city, where you live.

You will need liability insurance for the company assets.

There are so many things the best thing is to contact the SBA.

Answer 3

First you have to determine what kind of business you want to form. There are LP, LLP, LLC, C Corps and S Corps. You can go to bizfilings.com and they have resources there to help you determine this. With the state you just have to make sure that all paper work is filed correctly and fees are paid and then every year pay your franchise tax or any other fees required. BizFilings can also help you with this. You can contact the customer service department mon-fri 8-5 central time and someone will be there to help you with these needs.

Answer 4

Read several business books before you consider anything. Whatever you want to do has to attract people year round. You need the right location and an idea of what your budget would look like. And you have to realize that every 8 out of 10 businesses fail.

Answer 5

In addition to ensuring that you fulfil all the legislative requirements, make sure you have a good business model. There must be a market for what you want to sell. Have you done enough feasibility studies? How much capital does it need? How much savings have you got? How many months can you afford to feed the business before it takes off? etc etc

Answer 6

You really must decide what type of business first in order to determine the process.

Window cleaning, house cleaning require a city license only which is easily approved and issued quickly.
Not alot of expenses involved with this, but you may want insurance to protect against damage liability.

employees will have more involved however, so visit city hall for regulations.

Answer 7

contain or commence an LLC so as that any organization bills you have, contained in the off risk that your organization does not make it, does not bypass against you individually. in any different case the debt holders would desire to aim to bypass after very own factors. there are web pages that assist you do the paperwork low value and can supply advice. additionally a sturdy difficulty to do first is to sign up your fictitious call, the call of the organization, so as which you would be able to start to establish separate economic enterprise bills and sign papers contained in the organization' call.