General Things To Consider
- Prepare a business plan (an example of your business in words & numbers).
- Consider business organizational structure (sole proprietor, partnership or corporation).
- Choose a business name (you don't have to use a business name).
- File a fictitious name form, if necessary.
- Establish a commercial bank account.
- Apply for appropriate tax numbers (Federal EIN, Sales Tax, etc.).
- Visit appropriate borough/township/county offices to determine what licenses/permits are necessary and to determine zoning regulations.
- Contact an accountant, lawyer, banker and insurance agent to set up appointments for consultations.
- Identify potential clients (attempt to locate near-by client base).
- Consider best form of advertising (Internet, newspapers, posters, handbills, radio, tv, mail, etc.)
- Identify suppliers of raw materials or inventory.
- Explore potential sources of funding the business (SBA, Banks, Investors).
- Develop an understanding of all the costs of doing business (taxes, payroll, rent, equipment, supplies, utilities and advertising).
- Consider type and number of employees that you may need to hire.
- Decide on trade journals and other periodicals that you may want to subscribe to in order to assist you in running your business.
- Analyze the competition in order to uncover your competitive advantage.
- Protect yourself with the necessary legal and insurance coverage.
- Don't be afraid to ask for help from those sources willing to assist you in getting your business launched and functioning successfully.
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Small Business Assistance Center 116 Saint Andrews Drive, Avondale, PA 19311
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