This is Part II of “So, You Want To Start A Business!?”. As Nathaniel mentioned, it’s extremely important to choose the right structure for your entity (LLC, Partnership, C-Corp, S-Corp, Sole Proprietorship, etc.) Not only will it affect your taxes, but more importantly, it will also ensure or obstruct your company’s future growth. Other things that are necessary: a business plan, a continuity plan, a succession plan, and an operating agreement/bylaws. Dan talked about where to find financing, banks, investors, investment firms, etc. The team discusses where and how to find resources that may benefit you greatly. As Tim said, you need to start networking the day you can speak! How true. To sum it up, owning a business is hard work, but it’s worth it. You will experience rapid personal growth alongside the business. Be prepared, be rational, and don’t be afraid to ask for help!
