Starting a business does not have to be overwhelming
Have you asked yourself “Where do I begin in how to start a small business? Though starting a business takes determination and persistence, with the right steps and tools the process can be manageable. Do not underestimate the amount of time and investments needed to start a business and grow into a success. In most scenarios, it’s going to take longer and with more money than originally planned. But remember, this is your dream and you can make it happen!
With the guidance of a Northland SBDC no-cost consultation, we will work with you to provide assistance and support in all aspects of your business from the very beginning and onwards through.
Even though you are excited to get your new business off the ground, there are some very important planning steps you should take. The Northland SBDC can help you through this planning phase with a no-cost consultation.
Without a doubt, in order to best plan for the future of your business, a solid business plan must be prepared. Essentially, your business plan will be the foundation of your business and the roadmap for growing and managing.
At the Northland SBDC, we have a talented team of consultants who will work alongside you to ensure that a sound business plan has been developed that will aid in your overall growth and strengthen your business as a whole.
A Financial Plan is your opportunity to persuade a lending institution or investor your business will be profitable and successful. Keep in mind, the narrative must reflect the data on the spreadsheet, be realistic, and have some wiggle room. Taking this step may feel daunting, but the process will improve your own insight into the inner workings of your business.
The Northland SBDC can help you through creating your financial plan with a no-cost consultation.
Arrange Your Finances
Obtain any business loans or investments, establish a separate banking account for your business.
Determine Your Business Structure
Will your business be set up as a Sole Proprietorship, Partnership, Corporation, or Limited liability company (LLC)? This will determine everything from your daily operations to taxes.
Secure Domain Name and Website, Google My Business, and Social Media Accounts
An online presence can be more important than a physical one. Having a website and social media accounts greatly influences your buyers to trust your services and products.