What do I need to start my own business?

Answer 1

You gotten some really good advice. nevertheless, it always helps if you can talk to someone and get personal guidance. Therefore, I would strongly recommend that you talk to a business counselor before you do anything especially spend money. You have to determine whether you'll start a web based business or one with a store front. I'd call the local office of SCORE (go to http://www.score.org and input your zip code to find the chapter nearest you), the advice is FREE.

The counselor at SCORE will most likely advise you to write a business plan which is very good advice because it will force you to dig out all of the start up details and the costs of starting your own business and force you to also understand all of the aspects of this business including the customers you'll concentrate on (your market ) and how you'll go after them.

You'll need to register the business with your state controller's office and make sure that you have any city and county licenses if any are needed where you live. All of this will come out in a business plan.

Try this link :
http://www.ychange.com/small-business-consulting-articles.html and read some of the articles especially the ones about a business plan and starting a business.
Good Luck

Answer 2

1. Define your business first. What do you want to do? Make a list of possible businesses you can develop and write the pros and cons of each. Clarify your business model.

2. Check the feasibility of the business idea. Is it workable? Given your resources, do you think there's a chance?

3. Once you've determined exactly what business to start, research about the business -- how much will it take you to start the business, what do you need, who are doing it, who is your target market, how are you going to reach your market. This is your business plan. It is best to put it in writing, especially if you will be seeking loans or investors as they will require a business plan

4. Find out how much the business will cost and where you can get the money. If your resources are not enough, where will you get money? Can you get money elsewhere? If you really cannot raise the funds you need, are you willing to downscale the idea?

5. Decide if this is a business that can be done alone by you, or whether you will need a partner or you will hire employees. Aside from you, who else will be involved in the business?

6. Once you find out that you can really raise the capital you need and the personnel requirements, setup your business. Decide if you want to be a sole proprietor, partnership, LLC, S or C corporation.

7. Go to your local county to find out the steps for business registration, assumed name or DBA, and whether the business will require a license or not. Or check the Web for information on starting a business in your state, specifically from your state or local government websites. Then complete all legal and regulatory requirements.

8. Start the process of setting up the business. If this is a website, then start thinking of its contents, who will design the site, who will manage the site. If this is a restaurant, start looking for location. If this is a recipe book, start contacting agents and publishers or look into the option of self publishing.

9. Set up your office, whether at home or if you will lease an office space. Purchase the equipment you need.

10. Start developing your marketing materials such as business cards, brochures, flyers.

Answer 3

1 money (this can be simply "liquid" cash, or financing from a bank, credit, or investor in your business).

2 a license (this can be simply a sole proprietorship w/ your social sec # is your tax I.D# - you just locate the appropriate office in your state or province, pay a small fee, and choose a name for your business and your good, or, it can be more complex, like a partnership, or incorporation, or LCC, etc...)

3 a business plan (this helps you keep your business in order and profitable and you can present your plan to people, i.e. banks and investors, so you can keep your business adequately financed until you begin to make a profit. )

4. assets (if helps if you have a computer to keep everything organized, and a website to let everyone know you exist. You also need supplies depending on what your business is. )

5. etc... (There are other things you might need, but the above 4 are things you MUST have. Other things include but are not limited to: vision, luck, determination, perseverance, inspiration, motivation, and other miscellaneous intangibles items.)

Good Luck!!!!!!!!!

Answer 4

1. A proper business plan

2. Capital / Business Loan

3. Business Premise & Business License

4. Manpower

5. Assets

6. Advertising/Marketing

7. Official website

Answer 5

Nothing really... you already have access to a computer I see...

Companies outsource work these days… check with local businesses. Offer services and keep accounting and payroll records for them on your home computer. Write promotional materials. Learn how to design websites for them.

Offer your services as an interior decorator. Lot’s of people don’t have a clue when it comes to decorating, furnishing, and organizing their own home. Keep before and after pictures of those big transformations; that’s for your next sales pitch.

Do home upkeep or gardening for your neighbors. Grow fresh herbs and organic produce for your neighbors. Grow and sell exotic plants.

Today’s digital cameras make photography quite easy and inexpensive, so become your neighborhood photographer. Set up a little area with a drop cloth for background and you’re in business for portraits.

Good at picking up treasures at yard sales? Maybe the antique business.

Make things people want. Or if you like to cook, make dishes the neighbors might be wild about. Double your dinner recipe and make a deal with neighbors. They pick up a home cooked meal from you once a week.

And finally, for a free and up-to-date eBook on starting your own business, check out “Go It Alone!” at http://newfreebooks.com

Answer 6

a business lisence and a means of advertising. Also, be sure you have your taxes set up properly as the IRS is target auditing start ups.


Of course you need an idea. Depending on what you are going to do, you will need some start up and working capital (the amount of money you 'leave' in your business to turn over a profit).

Answer 7

I saw your question and thought I'd tell you about my own business..I'm a pure romance consultant, i do in home parties where i educate and empower women about their sexuality. I think it's the best thing i've ever decided to do. as for money I can usually make anywhere from $125-$400 a show. I feel like i'm getting paid to party with women. If you'd like more info. just let me know. I can help you with any questions or help you sign up. Good luck!
melanie

Answer 8

A business plan is a must. You can contact the Small Business Administration, they offer assistance in planning, and executing a business venture.
I have been in business for myself for 13 years, it is hard, stressful and worth every minute of my life. Good luck.

Answer 9

The Best Answer i can give to you as my friend on line..
The best loan offer i know on line is Mrs Ann Rick James.. She is a nice and good woman am sure she can help out Cos i got my home loan from her...
U can mail her via mail.. [e-mail]..
She going to help you out... loan you some money to start up the Business..

Answer 10

First learn about that the business