Saturday, June 14, 2008

Do I need any specific college credits to obtain a business license? -

I m a 19 yr old VA resident and i plan on opening a recording studio / club within the next 2 years. I know that I will need a business license, but I don t want to waste time taking classes that I don t need. Thanks in advance for the help.

No, you don t need any college credits at all to obtain a business license. A business license is just for taxation purposes. However, in order to have a better shot at succeeding in your business, you should either take some classes (like Accounting, Management, Human Resources, etc.) or have access to a team of people knowledgeable in those areas. You will also need an accountant, an attorney, an insurance agent, and a banker.Check with your local SCORE office and/or local Small Business Administration office for further information.

Anybody can get a business license even if you don t have an education. Talk to your local chamber of commerce regarding what steps you need to take to get it since different municipalities have different requirements (fees, locations, etc.). They are a great source for not only getting a license but helping actually establish the business and keep it running efficiently.

A business license doesn t require anything but money. However, business courses would be very valuable.

What do you think makes someone successful in starting their own business? -

Is it their ideas?Or is it actually acting on those ideas and actually making it work?I m 17 and I always have ideas of businesses that I know could work and I can spot niches in certain markets. But I never act them out, or actually try and start up the business. Is this because of age, experience or will I just be like this my whole life?

ADVERTISE ADVERTISE ADVERTISE that s the secret to success,i was a partner in a small business,which only lasted 2 years because my partner who had the money didn t want to spend it on Advertising. Because when ever i put a add in about our business we got customers and when there was no add we got nothing.

Just do it. You re over thinking it. I started my own web design business when I was 15 and I now own 3 different small businesses and they re all growing. Go for it! Get support from family for capital to start it all, and just go for it.

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