Help Is On The Way!!!
All around the world, people who want more control over their lives are starting home based small businesses.
These people are living the new American dream of owning a business and avoiding the high overhead and start up costs of a commercial location.
If the idea
of working from home is appealing, but you don't know where to
begin, here is a step-by-step guide. This list is not intended
as an substitute from getting advice from a qualified
professional. It is intended as information only.
12 Steps To Starting A Successful Small Business
STEP #1. GET ORGANIZED
The first thing you need to do is make sure you have all of
your finances in order. Set up a planning notebook to keep
track of all of your transactions. This notebook will also help
you organizes your business appointments as well.
STEP #2. DECIDE ON THE TYPE OF BUSINESS YOU WANT TO START
Make a list of twenty things you are interested in. Pick five of
them that you feel you would enjoy the most. Finally, pick the
one that you want to do the
most. I suggest you picking a business doing something that you
enjoy doing.
If you pick
one you like, it will not be so tedious. It will be a joy. You
can search business opportunity magazines, your local newspaper,
ask people you know or the Internet to help you find a business
opportunity that you are interested in starting.
STEP #3. CHOOSE A LEGAL FORM
The four basic legal forms are sole proprietorship,
partnership, limited liability company and corporation. The most
common is the sole proprietorship. But, I recommend the
corporation
STEP #4. DETERMINE WHERE THE MONEY
WILL COME FROM
There are three ways to finance start-up costs: use your own
money, obtain a loan, or find investors. It is better for a
small business to self finance your business. This is a better
choice because you will have less debt. Therefore, helping your
business bottom line financially.
STEP #5. MAKE SURE YOU INVESTIGATE AND RESEARCH ANY
BUSINESS OPPORTUNITY
There are so many scam artist out there in the world and
they will take your money. So, call the company, call the BBB,
call the Chamber of Commerce, check the Internet, the library,
just make sure you are dealing with a legitimate company..
STEP #6. GET COMMERCIAL BUSINESS
INSURANCE
Contact a commercial business insurance agent and get business
insurance. This is insurance for your business. It works
similar to car insurance. If for some reason someone sued your
business. This insurance policy would fight for your businesses
rights.
STEP #7. CHOOSE A MAILING ADDRESS
Using a post office or drop box as the business address down
plays the fact you are a home based business. It also prevents
customers from dropping in at all hours.
STEP #8. PICK A BUSINESS NAME, THEN
REGISTER IT
If the business name you choose is
different form your name, file an assumed (or Fictitious) name
certificate with the state. You are notified if another business
already has that name, so you can select a new one. Contact
your Secretary of the State Office, they can help you with the
forms you will need to file. The cost for your fictitious
business name is very inexpensive.
STEP #9. WRITE A BUSINESS Plan & A MARKETING PLAN
A good business plan should include a description of what
you are selling, who your prospective customers are, how you
plan to promote your business, and how much money is need for
start up costs.
A good marketing plan should explain the total market for your
product. Who your target market is and how you plan on marketing
them in great detail.
STEP #10. CREATE A RECORD KEEPING SYSTEMS
Put together a simple and effective
bookkeeping system for income and expenses. Use a pocket divider
for each month's receipts, bank statement, deposit tickets, and
canceled checks. Keep your personal records separate from your
business records. Contact a qualified record keeper for
information about obtaining their services..
STEP #11. GET A BUSINESS LAWYER
A business lawyer is a must. They can
help you with the start up of your business. They can make
sure that all of your Law issues are handled properly. They can
help you with just about every aspect of your businesses
activities.
STEP #12. OBTAIN LICENSES & PERMITS
It's very important not to overlook any necessary licenses
or permits. Some cities and counties require a general business
license. If the product or service you sell is taxable, you need
a state sales tax permit. Contract your local government office
for more information.
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So What Are The Steps To Get Started Writing Your Business Plan?
TLManage.com has put together a three fold process to help you get your business plan written in an expedient amount of time.
The first fold of the process is to work on and complete the TLManage.com Business Plan Work Shop. This is a printable worksheet that will ensure that you keep notes and write your plan correctly.
The second fold of the process is to review the TLManagecom Sample Business Plan. This plan will help you write your Business Plan in the correct manner.
The third fold of the process is to review the TLManage.com Business Plan Checklist, it will make sure you have not forgotten anything that should be included in your business plan.
After you have completed the TLManage.com Three Fold Business Plan Process, you will be ready to write your business plan to help you succeed in business in today's ever changing tough business environment.
Click here»»
Writing A
Business Plan
Writing a business plan is one of the most important aspects
of starting a business in today's every changing
environment. Why is writing a business plan so important?
The first fold...
Click here»»
Business Plan
Sample
This Sample Business Plan will help you write your
business plan in the correct manner. You will get to see
what a business plan really looks like. And also see how it can
help you. The second fold...
Click here»»
Business
Plan Checklist
Business Plan Checklist, will make sure you have not
forgotten anything that should be included in you business
plan. The third fold...