{"id":880,"date":"2018-01-09T21:12:15","date_gmt":"2018-01-09T21:12:15","guid":{"rendered":"http:\/\/impactpossible.com\/voice\/?p=880"},"modified":"2018-01-09T21:13:41","modified_gmt":"2018-01-09T21:13:41","slug":"10-steps-to-start-your-business","status":"publish","type":"post","link":"http:\/\/impactpossible.com\/voice\/index.php\/2018\/01\/09\/10-steps-to-start-your-business\/","title":{"rendered":"10 Steps to Start Your Business"},"content":{"rendered":"

Originally posted by SBA.gov (https:\/\/www.sba.gov\/business-guide\/10-steps-start-your-business\/?utm_source=facebook&utm_medium=organic_social&utm_campaign=new_year_new_<\/a>)<\/strong><\/p>\n

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Starting a business involves planning, making key financial decisions, and completing a series of legal activities. Scroll down to learn about each step.<\/p>\n

1. Conduct market research<\/strong>
\nMarket research will tell you if there\u2019s an opportunity to turn your idea into a successful business. It\u2019s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.<\/p>\n

2.\u00a0Write your business plan<\/strong>
\nYour business plan is the foundation of your business. It\u2019s a roadmap for how to structure, run, and grow your new business. You\u2019ll use it to convince people that working with you \u2014 or investing in your company \u2014 is a smart choice.<\/p>\n

3.\u00a0Fund your business<\/strong>
\nYour business plan will help you figure out how much money you\u2019ll need to start your business. If you don\u2019t have that amount on hand, you\u2019ll need to either raise or borrow the capital. Fortunately, there are more ways than ever to find the capital you need.<\/p>\n

4. Pick your business location<\/strong>
\nYour business location is one of the most important decisions you\u2019ll make. Whether you\u2019re setting up a brick-and-mortar business or launching an online store, the choices you make could affect your taxes, legal requirements, and revenue.<\/p>\n

5.\u00a0Choose a business structure<\/strong>
\nThe legal structure you choose for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability.<\/p>\n

6.\u00a0Choose your business name<\/strong>
\nIt\u2019s not easy to pick the perfect name. You\u2019ll want one that reflects your brand and captures your spirit. You\u2019ll also want to make sure your business name isn\u2019t already being used by someone else.<\/p>\n

7.\u00a0Register your business<\/strong>
\nOnce you\u2019ve picked the perfect business name, it\u2019s time to make it legal and protect your brand. If you\u2019re doing business under a name different than your own, you\u2019ll need to register with the federal government, and maybe your state government, too.<\/p>\n

8. Get federal and state tax IDs<\/strong>
\nYou\u2019ll use your employer identification number (EIN) for important steps to start and grow your business, like opening a bank account and paying taxes. It\u2019s like a social security number for your business. Some \u2014 but not all \u2014 states require you to get a tax ID as well.<\/p>\n

9.\u00a0Apply for licenses and permits<\/strong>
\nKeep your business running smoothly by staying legally compliant. The licenses and permits you need for your business will vary by industry, state, location, and other factors.<\/p>\n

10.\u00a0Open a business bank account<\/strong>
\nA small business checking account can help you handle legal, tax, and day-to-day issues. The good news is it\u2019s easy to set one up if you have the right registrations and paperwork ready.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Originally posted by SBA.gov (https:\/\/www.sba.gov\/business-guide\/10-steps-start-your-business\/?utm_source=facebook&utm_medium=organic_social&utm_campaign=new_year_new_) Starting a business involves planning, making key financial decisions, and completing a series of legal activities. Scroll down to learn about each step. 1. Conduct market research Market research will tell you if there\u2019s an opportunity to turn your idea into a successful business. It\u2019s a way to gather information […]<\/p>\n","protected":false},"author":2,"featured_media":272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[201],"tags":[734,733,735],"class_list":["post-880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-focus_smallbusiness","tag-market-research","tag-sba-gov","tag-small-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/impactpossible.com\/voice\/wp-content\/uploads\/2017\/06\/Voice_of_Business_icon.jpg?fit=450%2C450","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8RhO8-ec","jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/impactpossible.com\/voice\/index.php\/wp-json\/wp\/v2\/posts\/880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/impactpossible.com\/voice\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/impactpossible.com\/voice\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/impactpossible.com\/voice\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/impactpossible.com\/voice\/index.php\/wp-json\/wp\/v2\/comments?post=880"}],"version-history":[{"count":1,"href":"http:\/\/impactpossible.com\/voice\/index.php\/wp-json\/wp\/v2\/posts\/880\/revisions"}],"predecessor-version":[{"id":881,"href":"http:\/\/impactpossible.com\/voice\/index.php\/wp-json\/wp\/v2\/posts\/880\/revisions\/881"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/impactpossible.com\/voice\/index.php\/wp-json\/wp\/v2\/media\/272"}],"wp:attachment":[{"href":"http:\/\/impactpossible.com\/voice\/index.php\/wp-json\/wp\/v2\/media?parent=880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/impactpossible.com\/voice\/index.php\/wp-json\/wp\/v2\/categories?post=880"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/impactpossible.com\/voice\/index.php\/wp-json\/wp\/v2\/tags?post=880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}