hello there,Planning a budget is good, but not all you need to do. You should have a full business plan.Have you covered all ot these items? Do you have all the permits (city, county, state and federal) that will be required of this type of business. Do you have your state and federal taxpayer id numbers. If you will be handling sales tax, do you have your account set up with the state. If you have employees, are you set up for handling the federal and state employment taxes. What bank do you plan to use as your depository for the federal payroll taxes. Have you checked to make certain that particular bank does perform that service. Do you have your account set up with your state unemployment department. Have you obtained your business liability insurance with sufficient coverage to protect you against the risks. Have you obtained your workman s comp. insurance. Will you be operating as a business entity, such as a corporation or limited liability company. to give you some limit to your financial exposure. If not, are you certain you do not need that protection. If you have set up an entity, is it all in order. You will be relying on this to protect your personal assets from business creditors; it must be in proper order. If it is a do it yourself or an on-line job, it may be worth less than you paid for when it comes time to protect you. Given your projected budget, do you have adequate capital resources available to carry the business for a period of months. Have you fully analyzed the projected receivables turn and are confident you have enough working capital to start with to carry the business. Have you done your research on viable forms of marketing or advertising. What sort of contingency plans do you have in case the first few months do not go as you expected. Without that, you could find yourself out of business before you really get a good start. Do you have your accounting system in place. Just a few things that pop to mind, not intended as a complete well thought out list.Later,
1. A well thought out business plan incorporating expenditure sales forecasts2. A cash low plan as cash flow is the cause of many business failures.3. Vision, drive, business acumen all the right capabilities in terms of personnel resources required the succesfull and professional running of the business.
In its simplest form, You need knowledge of your niche or industry, Adequate Capitol, and a will to succeed. Its impossible to get really detailed as every business and industry is different. If your starting a business online you might want to checkout http://www.ecomdegree.com
It depends on the type of business.My mom just opened a new bridal shop and here are the requirements that she needed:1. Find a nice busy space.2. Money for at least 3 moths of rent.3. Register your business name.4. She needed a sellers permit and other permits which I don t remember, but they ll tell you how to get them. As well as the kind of permits needed depending on the business.5. Report Taxes6. Advertise Sorry that s all I can remember.. Good Luck!!!
This business checklist will make sure that you cross all your t s and dot all your i s before your business launch. Steps to Starting a Business -http://www.developer-resource.com/starti��Other sites you might find helpful are: SBA - http://www.sba.gov/SCORE - http://www.score.orgSmall Business Resource - http://www.small-business-software.netBusiness Link - http://www.businesslink.gov.uk/bdotg/act��Goodluck!
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Common sense, a bit of Money and knowing precisely the kind of business you wish to engage in. The most important aspect is to do lots of research into your endeavour. Most small businesses fail, By some reports, up to 90%.
1. Register your business name.2. Obtain licenses and permits.3. Get insurance.4. Recognize and implement taxes.5. Hire any employees you may need.
1. A solid business plan2. Source of start up capital3. Ambition and energy
Money.
money skill support
