Starting A Business With Little or No Experience

Ever thought what you would need to do so you can start your own company? What you would need to do or get before you start? This article will layout a foundation of what you can do to get started. Although there are other articles that show more traditional steps you should take, this article will break it down in a way that the average man can understand what is needed and how to make sure they can successfully find it.

Step One: The Idea

Think of the type of business you would like to do. What type of business interests you? This will allow you to get a better since of what direction you plan to go.

Think of the name you would like for your business as well.

Step Two: The Break Down

Some would consider this as the development part of your business plan. Although business plans are good to have you can still do without one. Just write down a list for yourself of the types of services you will offer. Then explain how you plan to offer them and the outcome of what the consumer will receive. This will give you a better understanding if this is what you really want to do or if you even want to offer such a service.

Step Three: Capital

This is the part that really stumps most people. See what you actually have to invest in the business. Not what you think you have, but what really is available. You have to consider it “lost money” just in case the business goes up.

Whenever looking for money, you can turn to relatives, friends, bank loans, investors, and even partners. Any of these would be a good idea, but we can do this transition step-by-step.

Step Four: Business Structure

Decide what type of business you would like to have. If it would be a DBA, LLC, S-Corp, C-Corp, Partnership, etc.. Once you decide what style you want you will know what it will cost to get it. However, you can always start with something more economical and then re-register your business to the type you want.

Step Five: Registering Your Business

 Now a days you don’t really need a lawyer and the money that goes along with hiring one to get your business registered. You now can go to places like legalzoom.com or dba4less.com and they can help you with the process way cheaper then you would originally have to pay. You can also do it yourself by just going to City Hall and picking up the right forms. However, if you are like me and want it easier, these types of companies can do all the footwork for you and it can be as cheap as $40 and as high as $900.

Tips: You can also go to the irs.gov website and get your own tax id, EIN number for free.. Saves you some cash already!

Step Six: Location

            Some might put this above step five or even step four. However, I put it at step six. Most office locations will not let you get the contract without you having the proper business licenses or permits, not even a P.O, Box. Once you register your business you can take your business license number or tax id and this will allow you to get the office under a business name. If you are starting a business with little capital, a P.O Box or Mail Box might be more convenient for you. As your business grows you can get a real office location.

These are the steps you would need to take to make your business happen. Follow the steps and see how it goes. If you find you need anymore help feel free to email and I will try and direct you to the proper source of help.