How to Start a Business Write a business plan. Choose a business name. Choose an ownership structure. Register your business. Review and comply with legal requirements. Apply for funding. Create a brand identity. Having a great business idea is only part of the journey. In order to be succe...
Good news to report for small businesses. The US Congress stepped up and passed the $2 trillion stimulus package aimed at stemming the economic fallout caused by the coronavirus pandemic. President Trump signed it into law moments after it cleared the House of Representatives on...
To gauge your passion for your business, ask yourself a fundamental question: If you had all the wealth and freedom you desired, would you still choose to run your language learning business for free? If your answer is a resounding “yes,” it’s a strong indicator that you have the pass...
Ready to create a business website? Start building yours today. How to start a business Brainstorm and refine your business idea Conduct market and competitor research Pick a business name Write up a business plan Choose a legal structure for your business Secure business capital and fund...
Elias Hernandez is responsible for developing and implementing SBA’s human capital strategy to carry out the Agency’s responsibilities for selecting, developing, and managing a high-caliber workforce ready to support America’s entrepreneurs as they seize opportunities to grow and reach new markets....
Step 5:Select the business structure that is right for you (presumably an LLC, but check out thisresourcefrom the Small Business Administration (SBA) to help ensure an LLC is the right one for you). Now that you’ve selected LLC as your business structure, you’ll begin filling out the...
See How to Write a Business Plan for information on creating yours. 11. Banking Considerations When selecting a bank for your luggage storage business, prioritize one with a focus on small businesses, a strong financial presence, and a reputable track record. ...
What are the costs involved in opening a Back Office Support Business? Industry leaders report that many new back office support businesses fail early on because they invest too heavily in unnecessary tools. Startups are encouraged to carefully consider the sector they wish to enter when developing...
Apply for small business loans:Seek out SBA-backed loans, as they typically offer competitive interest rates and are more accessible for new entrepreneurs to obtain. Obtain a business credit card:Utilize this card solely for expenses that you can pay off in the following month. This strategy can...
Access to additional capital:While not a perk in and of itself, having multiple business credit cards provides your business with access to additional capital without having to apply for a loan. This can come in handy if you are having temporary cash flow issues or you need access to more ...