Starting a business take immense commitment to plan, analyzing and making key financial decisions, thinking logistics and understanding the legalities of the process. These 7 easy steps can help you visualize, plan and manage your business.
Step 1: Prepare a Business Plan
Put it down in writing and map out how you will start and run your business
Step 2: Get Business Assistance and Training
Take advantage of local meet up groups or entrepreneurs who will gladly help you get started.
Step 3: Choose a Business Location
Understand and choose location for your office that is convenient to you and your customers. Consider office spaces that are an inexpensive and have flexible lease terms like Executive Suites Chandler.
Step 4: Finance Your Business
Find seed money. There are investors out there looking for great ideas, and also research grants to help you get started.
Step 5: Determine the Legal Structure of Your Business and Register your business
Speak to a CPA and an attorney and decide which form of ownership is best for your case: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative. Learn how to get the tax identification number from IRS and state.
Step 6: Register for State and Local Taxes
Register with at state, and city. Understand the laws of workers’ compensation, unemployment and disability insurance. Understand employer responsibilities
Step 7: Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits required for your business.
There are a number of available programs to assist startups, micro businesses, and under-served or disadvantaged groups. The following resources provide information to help specialized audiences start their own businesses.
- Environmentally-Friendly “Green” Business
- Online Business
- Self Employment
- Minority Owned Business
- Veteran Owned Business
- Woman Owned Business
You can save money when starting your business by using an inexpensive and professional office set up where there are no hidden costs are involved and rent includes everything. Contact Executive Suites Chandler at 602-550-4842. Check out the photo gallery of the office space.