Tips, Trends, and News
#1 How To Refine Your Ideas – Start A Small Business Series…
Starting a business can be one of the most exciting ventures you may ever embark on. But a lot can go wrong if you don’t take proper steps. According to Statistics Canada, only about 65% of new businesses make it to the fifth year Much of what determines whether a...
#2 Write a Business Plan – Start A Small Business Series…
A few important questions to ask yourself after you have your idea in place. You will need a well written business plan to address the following subjects What are your end goals? Who will you be selling to? What is the actual purpose of your business? How will you...
#3 Assess Your Finances – Start A Small Business Series…
How are you going to cover the cost of starting this business? Will you need a loan, or do you have the funds for your startup? Are you planning to leave your current job or focusing full time on the new business? Do you have savings to support you and your family...
#4 How To Choose The Best Legal Structure – Start A Small Business Series…
Choosing the right legal structure is a necessary part of running a business. Whether you're just starting out or your business is growing, it's crucial to understand the options. Before you can register your company, you need to decide what kind of an entity your...
#5 Registering Your Business With Federal, State And Local Governments…
Now it’s time to register your business. The process of registering a business is different depending on the type of operation you’re starting, how big it is, and what state you live in. Many states, cities, and counties require a business license and/or impose an...
#6 Purchasing The Correct Type of Business Insurance – Start A Small Business Series…
The number of options for business insurance can be overwhelming. Every business owner needs to manage risk, and selecting insurance is among the easiest, and best, ways to do that. The right insurance protection helps your venture get off the ground and grow into a...
#7 Build Your Team – Start A Small Business Series…
As a business owner you must give the people element of your business the same attention as you give to your services or products. Start by setting the scene for your employees. Let them know what they're aiming for and help them to understand the goals of your...
#8 Choose Your Vendors – Start A Small Business Series…
You and your team will not be running your business alone, you will be using vendors. Companies in every industry exist to partner with you and help you run your business better. The vendor-selection process can be a very complicated and emotional undertaking if you...
#9 Create A Marketing Plan – Start A Small Business Series…
Marketing is a key component in the success of every small business. Before you open the door to your new business, you need to build up your brand and get a following of customers ready to arrive when the doors to your business are open. State your brand position for...
#10 Grow Your Business – Start A Small Business Series…
No matter what kind of small business you run, you’re going to want to increase your sales and grow your revenue. That’s why so many people are interested in learning to grow a small business. Having the first sale is only the beginning of your task. Making a profit...
