Step 1: Prepare for Success
Take the time to find out if your idea is viable. Conduct research to understand who will buy your product or service and what’s happening in your industry.
Step 2: Plan Your Business
Good business planning keeps you focused, and can be the difference between failure and success.
- Take a business planning class
- Write a business plan
- Talk to a business planning counselor
“If you fail to plan, you are planning to fail.”
Step 3: Register and License Your Business
Securing an EIN and paying taxes are two of several steps to ensuring your business operates legally. The paperwork can be overwhelming but will pay off in the long run.