Six Tips for Small Biz Start-Ups

Starting a business can be liberating and profitable. With the application of a few good ideas you can set up a profitable venture that suits your lifestyle and personal goals. An honest appraisal of your strengths and weakness will reveal the right path for you. Follow the tips outlined in this article for all the information needed to get started.

  1. The beauty of owning a business is that it can be anything you want it to be. Like computers? Open a computer sales and repair store. Like t shirt design? Open a screen printing shop and offer unique promotional products. Are you a good cook? Consider a food truck or small café. The options are limitless when you’re the boss!
  2. It is important to define your time. You cannot work twenty four hours a day, seven days a week. You need to discipline yourself about work times and fun times. If you work too long it is quite possible you will burn yourself out.
  3. Obtain all necessary permits and licenses. If you sell a product, you may need a state sales-tax certificate, and if customers visit your place of business, you may need an occupancy permit. License and zoning laws can be complicated but can usually be found online. If you’re unsure, it’s best to hire a lawyer. Obeying the laws will help you avoid being fined or even losing your business.
  4. Make sure your business computers are protected. You will keep much of the information and data related to your business on your computers, so you will want to purchase a virus protection program and make sure your firewalls are enabled and download anti-spy software.
  5. Keep good records of all transactions that apply to your business. If you find that you are getting lost in some of the financial paperwork, consider hiring an outside accountant to do that work for you. There are also some great software programs that will make it fairly easy to keep track of everything.
  6. Before starting a business take time to learn as much as possible about small businesses. There is a lot of information on this topic. The US Small Business Administration is a great place to start. You can visit them at www.sba.gov.

So, there you have it! These suggested techniques make up the framework you need to begin your journey to a successful business. The value of research cannot be underestimated at all phases of your business especially here at the beginning. Be prepared for hard but fulfilling work as you put together the right business plan for your unique goals.

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