Wednesday, January 16, 2008

Open For Business

What are the steps to show your "open for business" sign?
Step 1: Figure out the type of business you would like to own, then decide where
you want to do it. Either home-based, brick-and-mortar, or e-commerce.
Step 2: Come up with a business plan which generally includes details about you
business, potential customers, competitors, and financing.
Step 3: When you are starting a business you must register your company's name with the secretary of state in the state where you base your business. At that point you will need to choose a business structure. Either corporation, partnership, or limited liability company.
Step 4: You also need to find funding for your business. In which there are several ways, you might use your own money, or with the help of family or friends. Another maybe financing in angel investors, those people invest a significant amount of money in start-up businesses in exchange for a piece of the business and a role in its development.
Step 5: Last comes the hardest part, getting your business off the ground. Promote and sell your goods and services; choose the right people to help manage your business; and put in the hours, days, months, and years it may take to make your business a success.

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