HAPPY NEW YEAR! Tis the season to starting a new business. There has been an influx in interest in Entrepreneurship and becoming a Business Owner but what does that mean?
Being an Entrepreneur is normally someone that files as a Sole Proprietor. A Sole Proprietorship is a form of business where the person is technically the business such as a Consultants or Side Hustlers.
Being a Business Owner is normally someone that files their business with the Secretary of State as a LLC, Partnership, C-Corp, S-Corp, etc. A Business Owner is someone that owns an entity that sells services or products with limited liability.
Here are a list of things you need to make sure you have when starting a business:
Business Legal Type (LLC, Sole Proprietorship Partnership, S-Corporation, etc.)
Business Pitch Deck (Mission, Company Values, Products/Services Listing, Startup Cost, etc.)
Business Goals (immediate goals (next 3 months, short-term goals (3-6 months), year-end goals (6-12 months, etc.)
Trademarks, Copyrights or Patents
Licensure or Certifications
Contracts, Agreements or Legal Documents
Business Contact Information (website, landline phone number, business email, business address, etc.)
Business Social Media (Google for Business, Yelp, Facebook Fan Page, Instagram, Youtube, Blog, etc.)
Business Reviews (Facebook Reviews, Google Reviews, Yelp Reviews, Website testimonials, etc.)
Business Continuity Plan (what will happen if something happens to the business)
Business Software (MS Office Suite, Payroll Processing System, Merchant Accounts, Accounting System, etc.)
Marketing Plan and Strategies for products/services
Financial Statements and Oversight
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