| ome people ever since they were little they knew they | | | | shorter than you thought. |
| wanted to start their own business. It’s a dream | | | | Legalities: Decide whether you are going to form a |
| that millions have, is totally capable of happening, and | | | | sole proprietorship, a partnership, an LLC, corporation, |
| can be extremely rewarding down the road. You can | | | | non-profit or cooperative. |
| make an unlimited amount of money, have others do | | | | Business name: It is also important that you register |
| the majority of the work for you, and you can watch | | | | your business name with the state. This name will then |
| your business grow more and more each day. If you | | | | belong to you, and give you a title of your business. |
| are someone that is interested in starting your own | | | | Tax Identification number: Learn which tax identification |
| business, here are some steps you should take to get | | | | number you will need to from the IRS and your state |
| there. | | | | revenue agency. |
| Business plan: First of all, what is your business plan? | | | | Register: You will also need to register with your state |
| Are you going to run a service, sell a product, create | | | | to get a tax identification number, unemployment and |
| your own product? There are so many possibilities out | | | | disability insurance, and workers' compensation. You |
| there, but you need to first come up with an outline or | | | | never know what the future holds. |
| blueprint. This means come up with a name, find out | | | | License: It is also a must that you get a list of federal, |
| which audience you’re looking to target, how | | | | state and local licenses and permits required for your |
| much start up costs are going to really cost, etc. | | | | business. These are especially important if |
| Location: Where do you want your business to be | | | | you’ve graduated from college and have a |
| located? Are you opening up a salon in town, running a | | | | degree in your business. These show that you are |
| business in your basement, or do you need an office | | | | licensed for whatever you’re doing. |
| building? Find a place that works best for you. Also, be | | | | Starting up your own business is a very exciting time in |
| sure to compare the prices of each place. You will find | | | | your life. You feel like you’re finally making your |
| that some places are much more expensive than | | | | dreams come true, and that you’re on the path |
| others just because of the location. | | | | to success. Business owners are some of the most |
| Finance: You also need to get all your finances | | | | successful people out there! It is just very important |
| together. Do you have enough money to start up this | | | | that you make sure you take time for each these |
| company? Meaning can you pay rent each month, pay | | | | steps. They are all a must and will help you get where |
| for all the supplies you need, and do you have enough | | | | you want to be! |
| start up money? It is common to find yourself running | | | | |