How to make my new business idea a business and what are the correct steps to set up my new business idea?
"How to make my new business idea a business and what are the correct steps to set up my new business idea?"
Here are some things I would like for you to consider when you begin your research for setting up your new business ideas.
If you don't have one please go ahead and buy yourself a very nice journal to document your humble business beginning.
Step 1
Brainstorm on some business ideas that you already may have.
Please be mindful! Don't share your ideas right now to people. They may not support your ideas. Stay quiet and just do the following steps. Take some quiet time to yourself with limited distractions to think about your ideas.
Ask yourself the following and write down the answers in your new business idea journal book.
What are my business idea dreams?
Come on!
Try it!
Don't limit your dreams or ideas
What is my passion?
What is my purpose?
Once you have the idea - immediately write it down (don't share it yet - just write the idea down so that you don't forget it)
What is my new business idea?
What is my new business idea name?.
How do I Copyright my new business idea?
How do I trademark my new business idea?
How do I start my new business idea in Florida?
What type of Corporation do I want to set up for my new business idea?
(research the following)
Shall I set up an LLC Corporation?
Shall I set up an S Corporation?
Shall I set up a C Corporation?
Do I want my new business idea to be a FOR PROFIT CORPORATION?
Do I want my new business idea to be a Non Profit Corporation?
What are my advantages of starting a LLC vs S CORP or C Corporation?
What are my disadvantages of starting a LLC vs S Corp of C Corporation?
What is a Virtual Office Space? How much does it cost? What are my benefits to using a Virtual Office space for my new business idea?
What tax forms do I file when it is time to file taxes for my new business ( NON PROFIT or FOR PROFIT)?
What is my Mission for my new business idea? How many sentences shall it be or not be? What is a MISSION? Why is this important for my new business idea?
What is my VISION for a new business idea? How long shall it be or not be? What is a VISION? Why is this important for my new business idea?
What is my Goal or Goals for my new business idea? What is a Goal? Why is this important?
What is my objective for a new business idea? What is an Objective? Why is this important?
How do I draft my business plan for my new business idea? What is a business plan? What is a Market Analysis?
What is an Executive Summary?
How do I start my new business in My State?
How do I register my new business idea in my City locally? Example - Clearwater, Saint Petersburg, Orlando, Miami, Tampa, New York, Atlanta - How do I do business in (My City)?
How do I register my new business idea in the State where I live? Example: How do I register my new business idea in the State of Florida?
Do I need my own team?
Do I want to pool my resources with 6 to 8 people to do business with?
Who is my team?
Do we share like minds?
If so, organize to setup all of these steps with your team and share the start up cost to lessen the risks and burden of starting the new business idea all on your own. Or if you got it like that then DO FOR SELF!!
Get a lawyer for legal advice to setup my new business idea or ideas. Look into Legal Shield.
Who is my President? - Who is my CEO? Who is my CFO? Who is my COO? Who is my Secretary? What is a CEO? What is a CFO? What is a COO? What is a Secretary? What are the roles and responsibility of each person?
How do I draft my Bylaws for my new business idea? What are BYLAWS?
What website do I go to to set up a new business idea as a Corporation in the State where I live?
Example: Florida What is the website?
What is the Florida Division of Corporation?
What is an ANNUAL REPORT? How much does it cost to file one each year? What is the penalty if I don't file one for my new business idea?
CAUTION!!! What State, Local, Federal Regulations or laws I need to make sure that I have in place to OPERATE my new business ideas BEFORE I BEGIN DOING BUSINESS under my NEW BUSINESS NAME? -- BE CAREFUL DO ALL STEPS BEFORE YOU DO ANY BUSINESS!! VERY IMPORTANT TO FIND OUT WHAT IS NEEDED TO OPERATE YOUR BUSINESS BEFORE YOU START GETTING BUSINESS!!!
How do I set up a business Bank Account? What documents do I need to set up a business bank account?
What is General Liability Insurance? Do I need it?
What is Workers Comp Insurance? Do I need it?
As a business owner do I need any licenses myself to run & operate my new business idea?
What equipment, supplies, tools, uniforms, do I need to have prior to starting my new business ideas?
What website development company do I want to build my new business idea website?
What website domain name do I want to have for my new business idea?
What is my logo design for my new business?
What are my colors that I want to use for my business branding?
What is my new business idea letterhead logo design?
What is a Minority Business Owner Certificate?
How do I do business in my county?
How do I do business with my State?
How do I do business with my Federal Government?
Will I need a small business loan for my new business ideas?
How is my credit? If it's bad get it right!
What is business credit?
What are my Start Up costs? Add it all up...What is the cost do everything?
What is a Better Business Bureau membership? How does this help market my business?
What is the Small Business Administration? How can they help my new business Idea?
FINALLY!!! Now that you have done all your research.
Go ahead and get this new business idea formed as an ACTUAL BUSINESS.
Now that you know how? Now go ahead and do all of your steps to make it an OFFICIAL COMPANY.
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