Example Of How To Start A Business Creative Writing

Starting a business can seem complex and intimidating, but it is much easier if you get organized, do the research and follow these steps. First, you need a business plan, which is a guide that outlines your goals and how you will achieve business success. It is a written description of your concept, intended market, competition, and financial details. Once you have a plan, you may need some professional help or guidance. There are free services and online resources that will help you make a business plan, secure financing, and network with other businesses. Depending on the size and scope of your business, you may need an accountant, an attorney or tax professional. Next you need to find a suitable business location that is customer-friendly and complies with local zoning ordinances. It is very important at this stage to make sure your business location is zoned for commercial purposes. Once you have a business plan, some professional help, and a location, it is time to arrange financing. You may be financing it on our own, or with partners. You may look for bank loans, venture capital, or governmental loans or grants. Now, which form of legal structure is best for your business? You may form a partnership, corporation, nonprofit, or LLC. There are many options depending on your business plan. This is a good time to take advantage of free professional help or to conduct research on the best legal structure for your business. The last three steps deal with laws and regulations. You must apply for a tax identification number from the Internal Revenue Service. Then, you need to register for state and local city taxes. You will also register for worker’s compensation, tax identification number and unemployment and disability insurance with your state department of assessments and taxation. Finally, obtain business licenses and permits. There are federal, state and local licenses you need before you open for business. The last steps is hiring employees if necessary. You will need to learn the legal documentation required to hire employees from the IRS and state department of labor. There are many public and private recourses that are available to help you start a new business. For example, the IRS has an entire webpage devoted to starting a business: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business. Your bank and local city government will also have helplines, tutorials and information that can help you along the way. Good Luck!