How to Start a Small Business?

Online Shopping Mobile Shopping GIF

Online Shopping Mobile Shopping GIF

Starting a small business requires finding business ideas, planning, making critical decisions, and implementing a series of legal activities.

Online Shopping Shopping GIF

Online Shopping Shopping GIF

It’s not only about creating a logo and business name. You need to do some essential tasks.

Coworkers discussing and drinking coffee in the office.

Coworkers discussing and drinking coffee in the office.

In general, the global pandemic has changed customers’ behaviour to become regular online buyers.

Slow-motion shot of a woman wearing a face mask while walking down the street.

Slow-motion shot of a woman wearing a face mask while walking down the street.

10 Steps to Start Your Small Business 1. Conduct market research It aims to gather information about potential customers and stakeholders related to your business around your area.

A mid-shot of a woman working on a laptop outdoors.

A mid-shot of a woman working on a laptop outdoors.

2. Write your business plan Generally, a business plan elaborates a roadmap for how to structure, handle, and grow your business.

Close-up shot of a woman typing on a laptop at the airport.

Close-up shot of a woman typing on a laptop at the airport.

3. Fund your business Your business funding can come from grants, for example, FedEx small business grant.

Close-up shot of a businessman counting money while sitting in his home office.

Close-up shot of a businessman counting money while sitting in his home office.

4. Pick your business location Your small business location does matter, and it’s either an offline store or an online store.

A close-up shot of a man pinpointing locations on a map.

A close-up shot of a man pinpointing locations on a map.

5. Choose a business structure The business structure affects your day-to-day operations, taxes, benefits, and legal protections.

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Pete Davidson Snl GIF

6. Get a business name Choose a small business name that reflects your brand identity and spirit.

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Oblivious Leslie Jordan GIF

– Register your business Register your small business to make it legal and protect your brand. Learn how to register a business since each state may apply different procedures.

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Koffie Maandag GIF

– Complete tax requirements Complete your tax requirements to avoid any problems occurring for your small business.

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Monkeymiller GIF

– Apply for licenses and permits The permits and licenses you need will vary by location and other factors.

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Chair Drivers License GIF

– Open a business bank account Prepare your small business paperwork and registrations to apply for a business account.

Designed by Alexander Rabu

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Bank GIF