Entrepreneurs are an interesting sort. They tend to be either courageous or stupid or both. Starting a business requires at least the courage part. As for stupidity, that's where we come in.
Wait, did he just call himself stupid? No, silly. We're here to keep you from being, well, stupid, and help you avoid some of the common mistakes that small business owners fall into when starting their own thing.
As the old expression goes, proper planning prevents poor performance.
So, what does this guide do? Think of it like a checklist and primer on some of the things you'll have to consider when preparing to start up. Some of the things considered are:
- Do I need a business plan?
- Business plan? What in the [expletive] is that? I sell hot dogs!
- LLC, LLP, S-corporation, C-corporation, where do the business types end?
- What are the advantages of the various types of business structures?
- What's the deal with licenses, permits, employees, etc.?
Although every business is different and has very different needs, The FindLaw Guide to Starting a Business: First Steps to Start Your Own Business is a great place to start.
After that, if you have any questions, you can always drop by the FindLaw Answers forum and ask the other members for advice, answers, and tips. It's pretty helpful over there.
Once you have the plan in place, and have all of the prep work done, you might also want to figure out how you are going to fund your operation.
Kickstarter is a crowd-sourced funding operation that allows you to take your wonderfully-prepared idea and get funding for it. The Pebble Watch, a rainbow parade, and some lady's musical creations are all examples of things that were funded via Kickstarter.
And if that fails, there's always the Small Business Association loans.
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