Starting Your Own
Business:
What Does It Take?  How
many times have you, or someone you know, said something like "I've
always wanted to have a business of my own. Something I'd really enjoy doing.
Be my own boss."
Lots of people
have the dream, but they get bogged down in the details of how to go about it.
While this article isn't meant to serve as a complete business start-up guide,
it will give you an idea of some of the steps involved in starting your own business. 1.
Hire Professionals
The most important professionals you'll need at the
beginning are a lawyer and an accountant. The lawyer can help you decide if you
want to be a corporation, partnership, sole proprietorship, or some other type
of company. A good accountant can help you make this decision based on which will
be most advantageous to you from a tax angle. A lawyer can also help you register
your business and get any licenses and permits you will need, and can advise you
about patenting your idea or protecting your intellectual property by requiring
everyone you discuss your business with to sign non-disclosure or confidentiality
agreements.  2.
Make a Business Plan
You may need to hire a writer or other business professional
to help you write a business plan. You'll need one to help yourself get organized
as to what your business's main purpose or goal will be. This could be anything
from serving hot dogs to people outside the home improvement store to providing
technology support to major players in the business world. Either way, you need
a plan that sketches out how you will proceed toward your goal and an estimate
of how much money you'll need to get there. What will your equipment costs be?
Will you be hiring employees? How about renting office space? All of these cost
estimates should be included in your Business Plan.
3.
Get Financing
How much start-up money will you need? Do you have savings
you can use? Friends or business associates who might want to invest in your venture?
Or do you need a bank loan? Whatever the situation, you'll need to present a copy
of your business plan to bankers or investors if you need to borrow money to get
your company rolling. 4. Set Up Your Record-keeping
System
A good accountant can advise you on the best record-keeping software
for your business, and help you set up a system for keeping track of payables,
receivables, sales tax, payroll, employee benefits plans, and so forth. You will
be relying on the accountant for at least your yearly tax return for your business,
and possibly for quarterly payroll and sales tax returns. Your accountant can
also get you an EIN number (Employer Identification Number). 5.
Find a Location
Depending on your business, location may be very important.
If you need to be visible to the public (say your business is a bookstore or restaurant),
then you'll have to think long and hard about where you should set up shop. Location
can make you or break you-and the rent is due no matter which way your fortune
turns. You will also need to get a phone, get the utilities turned on, install
your furniture and equipment, and get a sign or two that shouts "Hey look!
We're here!" 6. Set Up Accounts with
Credit Card Companies
Every brick-and-mortar business these days takes
plastic or they don't stay in business. You'll pay a small percentage for every
credit or debit card transaction a customer makes. You will need to invest in
a method for checking the validity of debit and credit cards-like those "Slide
Card Here" machines at cash registers everywhere. 7.
Hire Employees
You may not need to do this step if you're a one-person
operation. Maybe you can get by with just one part-time person to answer phones
and do some of the paperwork. Of course, it depends on your business. You can
probably run a small bookstore by yourself, but even a tiny restaurant means you'll
need a cook, several servers, someone at the cashier, and so forth. You'll need
to have them complete various forms for the IRS, and you may want to run background
checks or at least check some references before you hire anyone. 8.
Promote Your Business
Decide how you will let people know you exist, what
you can do for them, and why they should come to you instead of someone else.
Common forms of advertising are TV and radio commercials, newspaper ads, flyers,
and coupons that appear in booklets distributed by local companies. The
list above might make you think twice about starting a business of your own. Perhaps
you aren't looking to make such a financial commitment regarding the hiring of
professionals, finding a location… And it's also a big, big risk. But
let's look back at the way this article began: "I've always wanted to
have a business of my own. Something I'd really enjoy doing. Be my own boss." YOU
CAN! Without all of the headaches of traditional business.  There
is a very simple way of attaining this goal that has worked well for millions
of people. You can have your very own business in your home, and you can cross
off all or most of the steps listed above. The best part of exploring home-based
business opportunities is that there is little risk and the
upside is tremendous.
Many of
the inconveniences and pressures of the traditional business are wiped away with
the home business. The biggest roadblock to starting or buying a business is that
they require a considerable up-front cash investment. In addition to the large
investment, the time commitment you must make when starting a business can ultimately
turn out to be far greater than what you have experienced in any job, and the
return is not necessarily worth the extra time or the financial risk. There
is another option. Fill out the form below,
and I will provide you with additional information about the opportunity that
is truly shaping my life and allowing me the freedom to live out my dreams without
all of the headaches and costs of traditional business.
Sincerely, 
Shannon
Lavenia
 | 1(800)615-2278
US |  | (02)
8011 4304 Australia |  | 09
889 0193 New Zealand |
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incomes are represented or guaranteed in any amount for any
participant.
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