Start Your Business Today!

Starting a Business.com is the preeminent resource for first-time entrepreneurs seeking a concise answer to the big questions like, “How do I start a business?” Here, you’ll always find stories from the brightest entrepreneurial minds on the Web, as well as state-specific resources to answer your questions and help launch your business. Browse, click, enjoy, and make your business a reality today!

5 Things Your Business Strategist Wants You to Avoid

Business strategy...what is it, really!? And, is my small business even big enough to warrant a strategy?

Tue, Sep 19, 2017 11:03:00 AM

10 Most Common High Tech Business Plan Fails
by Tim Berry Mon, Sep 18, 2017 7:28:00 PM

I was asked about high-tech business plan fails on Quora recently. So this isn’t about lean plans for all business owners, but just the business plans submitted

Mon, Sep 18, 2017 7:28:00 PM

10 Common Business Growing Pains Overcome in a Mastermind Group

Every business experiences "growing pains" as it moves from infancy to adolescence and finally, maturity. Whether or

Fri, Sep 08, 2017 11:01:00 AM

Ohio Ranked in the Top 5 For Asset Protection Trust Laws
by J. Paul Fidler Fri, Sep 01, 2017 8:36:00 PM

A recent release by a well-known Nevada asset protection lawyer ranks states by their domestic asset protection trust laws. Ohio was ranked in the top 5

Fri, Sep 01, 2017 8:36:00 PM

A Mastermind Group's Business-Changing Lessons

Business is becoming increasingly complex. And, just like "it takes a village" to raise a child, it

Thu, Aug 31, 2017 6:03:00 PM

goodcounsel named Chicago’s “Best Firm For Startups”
by Kenneth Obel Thu, Aug 31, 2017 5:06:00 PM

We awoke recently to congratulatory email messages from colleagues and friends. “Above the Law,” a notable online publication that covers the legal scene, published an article

Thu, Aug 31, 2017 5:06:00 PM

Using The Startup Way to Turn Big Orgs into Lean Startups
by Melissa Z. Moore Thu, Aug 31, 2017 2:09:00 AM

Written by Misti Yang, Contributor for Lean Startup Co.In the opening paragraphs of Eric Ries’s upcoming book The Startup Way, Eric sets the scene: He arrived

Thu, Aug 31, 2017 2:09:00 AM

Why Do We Need Financial Forecasts?
by Tim Berry Mon, Aug 28, 2017 8:20:00 PM

Business owners and managers do financial forecasting to enhance management. Anticipate essential flows of money to manage them better. Forecasting is a necessary first step towards managing

Mon, Aug 28, 2017 8:20:00 PM

The Entrepreneurs Guide to Reaching the Summit

While "executing" my morning routine, I realized my crack of dawn habit was messed up. Designed to

Mon, Aug 28, 2017 3:08:00 PM

Some initial thoughts about blockchain and the law
by Kenneth Obel Fri, Aug 25, 2017 3:34:00 PM

For those who have not yet encountered this particular creature: blockchain is a distributed online ledger of transactions made possible by internet protocols and strong cryptography. It is

Fri, Aug 25, 2017 3:34:00 PM

How to Start a Business Checklist

Imagine Your Future Business What the future brings will depend on what you do today, and if a business is in your future, today is the day you start it. But what’s the first step? Take a deep breath and dream. What you envision will be what you will work hard for years to achieve. This is not a waste of time. Look at who you are and who you want to be. Imagine how your business will take you there. Now exhale. You’re ready to make it happen.
Research Your Market You now know what type of business you’re starting. Now you need to answer some questions: Who are your business’ top competitors? What will your business offer that theirs doesn’t or can’t? A better product? A better price? Is your business’ product desired in your local market? Will you need a storefront? Can your business exist purely online? From your home office? How much capital will you need to start making sales? Will you need an advertising budget to get started? How soon can you start bringing in revenue? The answers to these questions will provide you with what many call a “business plan.” The thing about business plans, though, is if you think about them too much, you’ll waste time you’d otherwise be spending actually working on your business and making sales. Once you have solid answers to the questions above, move on. Your time will be better spent elsewhere.
Name Your Business Many entrepreneurs will spend weeks or even months thinking up the perfect, most clever, very best name they possibly can, as if the business’ name will be what makes their business successful. Of course a good name will help create a solid foundation for your business, but that’s all a name needs to be to start your business–just a good name. Names can always change, but you can’t get wasted time back. Bounce business name ideas off friends and family, make your choice, and write it down. Continue moving steadily down this checklist.
Register Your Web Domain There once was a time when you could debate whether or not your business needed a website. That time has passed. To take advantage of social media marketing and online advertising, to give customers an easy way to locate your business, and to help generate sales, you need a website. Once you have your business name in hand, it’s time to take it to the Internet. There are no secrets to the perfect web domain. You want a web address for your business that is concise, memorable, and easy to type. Much like your business’ name, a good website address will go a long way.
Choose Your Business Structure Unless you’re knitting scarves and selling them at your local farmer’s market, you’ll want to form a business entity that helps to protect your assets and limits your liabilities. Choosing a business entity that best suites your business will initially present you two basic choices: a limited liability company (LLC) or a corporation. Both options afford you the same kind of limited liability protection. Presently, LLCs tend to be more popular with entrepreneurs as they have the same protections as a corporation, but they have fewer formalities and maintenance requirements. No matter which structure you choose for your business, each entity is formed with the state by filing articles of incorporation or articles of organization, depending upon entity type. To learn more about forming a corporation or LLC in your state, scroll to the bottom of this page and click on the name of your state for specific information.
Get an Employer Identification Number Once you’ve legally formed your business entity, you’ll need to obtain an Employer Identification Number (EIN/FEIN). This number will essentially be your business’ social security number. Down the road, you may need it in an array of situations once you hire employees, but immediately your business will need it to open a bank account and pay taxes. The EIN (also known as a business tax ID number) can be obtained online on the Internal Revenue Service’s website. You can also apply over the phone or through the mail, but online is the fastest and simplest method. You will be able to accomplish this task in minutes.
Open a Business Bank Account To open a bank account for your business, you will need to have obtained your EIN. Banks do, however, often times require additional paperwork from business owners to open an account. To save yourself time and possible headaches, call ahead and know what your bank branch requires to open a business account before arriving in person.
Obtain Licenses and Permits Each state and municipality will have its own unique requirement for what types of business licenses and permits you must obtain to legally operate your business. To learn more about state-specific business requirements, simply scroll to the bottom of this page and click on your state. Be aware that your state may also require you to obtain a permit specific to your business’ industry.
Generate Income What’s the difference between a successful business and a failing business? Revenue. Unlike many other “How to Start a Business Checklists,” we’ve focused on pushing you to the place where you can start generating leads and making sales as quickly as possible. When starting a business, it’s easy to get lost in minutiae and things that don’t matter. The truth is, you’ll have plenty of time to worry and fret over web design, marketing plans, and financing. If you aren’t able to generate money, though, the finer points of a business plan won’t matter. If you’ve made it to this point in the checklist, you’ve started a business. Now it’s time to put your business idea to the test. Make your first sale, then make another. Your business is no longer a dream–it’s your reality. Make it happen.