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I wanted to open a business with a parter and what do I need. Its a airbrush shop in a mall in houston tx.?


I just want to know what I need before I try talking to the mall or any perosnel. Example Tax ID and how do I get it ect

Starting a small business takes a lot of courage. But, as they say, courage does not pay the bills. To be successful 鈥?to stay in business 鈥?you need more than courage. You need a combination of hard work, skill, perseverance, and lots of luck.

Some things you need to consider:
- "How can I support my family while I build up by business?"
- "What are my abilities?"
- "Is there a market for the product or service I have chosen?"
- "How long will it take this business to reach the financial goal I have?"

You may want to read the article "How to Start a New Business Successfully" http://www.powerhomebiz.com/vol51/launch... , which lists six steps to launch a new business successfully:

1. Provide a benefit.
2. Determine the fit with your market.
3. Right timing is everything
4. Be ready to support your business
5. Develop a blueprint for success
6. Market, market, market

I recommend that you read the following books:

- What No One Ever Tells You About Starting Your Own Business : Real Life Start-Up Advice from 101 Successful Entrepreneurs
- Starting From Scratch: How To Start A Business When You Don't Have Money
- If You're Clueless About Starting Your Own Business and Want to Know More
- On the Move : How to Succeed and Survive As an Entrepreneur
- How to Make 1000 Mistakes in Business and Still Succeed

For information on tax ID and other operational requirements, read the article "Most Common Questions Asked When Starting a Business" http://www.powerhomebiz.com/vol45/questi...

If you are going to start this business with a partner, be sure to have a buy-sell agreement. A buy-sell agreement is a binding contract between the partners that defines: 1) What events will trigger a buyout, 2) the price that is to be paid for the disassociating partner's interest in the business, and 3) who can buy the dis-associating partner's interest (e.g. outsiders vs. other partners in the business).

Represent----HOUSTON 6220 Westpark,
Houston, Texas 77057, 713-266-4063.

The biggest issue is can you work well with your partner ad do you feel that you can trust him? If so, both of you should put it in writing before any cash moves!

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