BOSS BUSINESS: 10 STEPS TO STARTING A SMALL BUSINESS.
1. DO YOUR RESEARCH-DOES YOUR IDEA HAVE THE POTENTIAL TO SUCCEED? YOU WILL NEED TO RUN YOUR BUSINESS IDEA THROUGH A VALIDATION PROCESS BEFORE YOU GO ANY FURTHER.
2. MAKE A PLAN: A BUSINESS PLAN IS A BLUEPRINT THAT WILL GUIDE YOUR BUSINESS FROM THE START-UP PHASE THROUGH ESTABLISHMENT AND EVENTUALLY BUSINESS GROWTH, AND IT IS A MUST-HAVE FOR ALL NEW BUSINESSES.
3. PLAN YOUR FINANCES : STARTING A SMALL BUSINESS DOESN'T HAVE TO REQUIRE A LOT OF MONEY, BUT IT WILL INVOLVE SOME INITIAL INVESTMENT AS WELL AS THE ABILITY TO COVER ONGOING EXPENSES BEFORE YOU ARE TURNING A PROFIT.
4. CHOOSE A BUSINESS STRUCTURE: YOUR SMALL BUSINESS CAN BE A SOLE PROPRIETORSHIP, A PARTNERSHIP, A LIMITED LIABILITY COMPANY (LLC) OR A CORPORATION. THE BUSINESS ENTITY YOU CHOOSE WILL IMPACT MANY FACTORS FROM YOUR BUSINESS NAME, TO YOUR LIABILITY, TO HOW YOU FILE YOUR TAXES.PICK AND REGISTER YOUR NAME:
5. PICK AND REGISTER YOUR BUSINESS: YOUR BUSINESS NAME PLAYS A ROLE IN ALMOST EVERY ASPECT OF YOUR BUSINESS, SO YOU WANT IT TO BE A GOOD ONE. MAKE SURE YOU THINK THROUGH ALL OF THE POTENTIAL IMPLICATIONS AS YOU EXPLORE YOUR OPTIONS AND CHOOSE YOUR BUSINESS NAME.
6. GET LICENSE AND PERMITS IF NEEDED TO OPERATE: ONCE YOU HAVE CHOSEN A NAME FOR YOUR BUSINESS, YOU WILL NEED TO CHECK IF IT'S TRADEMARKED OR CURRENTLY IN USE. THEN, YOU WILL NEED TO REGISTER IT.
7. CHOOSE AN ACCOUNTING SYSTEM: YOUR ACCOUNTING SYSTEM IS NECESSARY IN ORDER TO CREATE AND MANAGE YOUR BUDGET, SET YOUR RATES AND PRICES, CONDUCT BUSINESS WITH OTHERS, AND FILE YOUR TAXES.
8. SET UP YOUR BUSINESS LOCATION: YOU WILL NEED TO THINK ABOUT YOUR LOCATION, EQUIPMENT, AND OVERALL SETUP, AND MAKE SURE YOUR BUSINESS LOCATION WORKS FOR THE TYPE OF BUSINESS YOU WILL BE DOING
9. GET YOUR TEAM READY TO ROCK AND ROLL: IF YOU WILL BE HIRING EMPLOYEES, NOW IS THE TIME TO START THE PROCESS. MAKE SURE YOU TAKE THE TIME TO OUTLINE THE POSITIONS YOU NEED TO FILL, AND THE JOB RESPONSIBILITIES THAT ARE PART OF EACH POSITION.
10. PROMOTE PROMOTE PROMOTE!!!!!!!!!!!!
TIPS:
LEARN FROM AND CONNECT WITH OTHER SMALL BUSINESS
ADDRESS EXCUSE FROM THE JUMP.
FOCUS ON YOUR NICHE AND DELEGATE WHAT YOU CAN CONTROL.
CREATE A REALIST BUDGET AND STICC TO IT.
FOCUS ON CRESTING A PRODUCT THAT YOU PUSHING AND DEVOTE TIME TO DEVELOP. DON’T FOCUS ON THE BREATH RIGHT AWAY.
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The Level Up with Toshoama
As requested by our viewers, Level Up with Toshoama this week we gave characteristics for Pisces and Libra.
Pisces between February 20th and March 20th
Pisces Traits
Imaginative
Kind
Compassionate
Intuitive
Sensitive
Selfless
Musical
Romantic
Careers Suited
Sales
Marketing
Social Work
Production Editor
Filmmaker
Motion Graphics Designer
3D Artist
Wedding Photographer
Behavioral Psychiatrist
Clinical Counselor
Mental Health Technician
Libra (September 23 - October 22)
Libra Traits
Naturally attractive
Charming and Charismatic
Peaceful
Family oriented
Self sufficient
Great listeners
Good at personal relationships
Very good at observing others
Appreciate beautiful things
Careers Suited
Guidance Counselor. In this role, Libras will shine. ...
Art Dealer. ...
Beautician/Stylist. ...
Graphic Designer. ...
Interior Decorator. ...
Human Resources. ...
Lawyer. ...
Referee.
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