The most common types of business structures are sole proprietorship, partnership, limited liability company, and corporation. What is a sole proprietorship? What is a partnership? What is a limited liability company? What is a corporation? 4. Comply with legal requirements. In addition to choosing a legal structure, there are other requirements to follow to ensure your business is operating legally. Register your business. Obtain a seller’s permit. Obtain a business license.
Understand your tax requirements. 5. Secure funding. When you’re starting a small business, getting loans from family and friends may suffice. However, larger ventures will require more capital. Funding your small business. Securing a small business loan. Securing fax number list venture capital financing. 6. Create a website and social media accounts. While you may have a brick-and-mortar business, it’s nearly impossible to be successful without an online presence. Set up a website and social media channels to ensure potential customers can find your business online. How to start a business online.
How to create a website. Use social media to grow your business. 7. Sell your products and services. Hooray! You’re in business. Now it’s time to make sure your sales processes are as efficient and productive as they can be. How to sell your products and services. Create a sales process framework. Utilize free sales tools. 8. Market your business. You’ve created an awesome product and now it’s time to get the word out. Marketing and customer acquisition are key to helping your business grow. Develop a customer acquisition strategy. Learn strategies for marketing your small business. Utilize free marketing tools. How to Start a Business Write a business plan. Review the legal requirements to start a business. Determine your business' legal structure. Register your business' name. Understand small business tax requirements. Create a customer acquisition strategy for your business.