Description

On our last episode we shared the story of how we launched our new small business and turned it into a revenue generating operation in 6 months. On the podcast we shared key tips for launching which include the following:

1. Understanding the Market
2. Setting up your business model the right way in the beginning
3. Developing your marketing strategy
4. Implementing a successful launch

The feedback was so strong that we decided to expand out in this episode on resources we use for setting up your business model. These will include how we secured the name of the company, purchased the domain name, setup the website and commerce channel, identified our licensing requirements, and setup the financial systems. We are including links to some resources below to help you to have a successful launch.

Fictitious Business Name (Sample for San Diego) - https://arcc.sdcounty.ca.gov/pages/fbn-info.aspx

• Required if you are not using your legal name as the business name
• Found through your Assessor/Recorder/County Clerk Office website
• Required to be filed in San Diego within 40 days of first transacting business

Business License Requirements (Sample for San Diego) - https://www.calgold.ca.gov/

• Governors Office of Business & Economic Development to search for permit information for your specific region and business type.
• Sales & Use Permit (businesses selling or leasing tangible property)
• Employment Development Department (Required once you pay wages over $100)
• Employer Identification Number (EIN or SSN) - US Department of Treasury
• Required if you have employees, business partnerships or are a corporation

Domain Name - https://www.namecheap.com/

Website Hosting - https://www.squarespace.com/

Financial Systems - https://www.freshbooks.com/ or https://quickbooks.intuit.com/