How to Start a Business
in 6 Easy Steps
Research the market
1
Market research is a method of gathering
information about potential customers and
businesses already operating in your area.
Take advantage of that information to
improve your business.
Prepare a business plan
2
Your business plan lays the foundation for
your success. It provides a roadmap for how
to structure, run, and grow your new
business.
3
Fund your business
Determine how much money your business
will need with the help of your business
plan. If you don't have that amount, you
will need to raise funds or borrow money.
Establish a business structure
The legal structure you select for your
business will impact how much tax you pay,
the requirements for registration, and your
personal liability.
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4
Register your business
It's time to protect your brand once you've
chosen your perfect business name. If you do
business under a name you're not using, you
will need to register with the federal
government, as well as your state
government.
Set up a business bank account
You can use a small business checking
account to handle legal, tax, and daily issues.
It's easy to set one up if you have the right
registrations and paperwork in order.
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