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I want to start a new business probably a shop or a branch how do i get started?


I want to start a new business probably a shop or a branch how do i get started?

get a book or ten at our local library, because that's how much info it will take to answer this broad of a general question without any specifics

Figure out what type of an entity you are taxwise; like, are you an LLC, a sole proprietership, or some type of (yuck) corporation? Then, decide how you're going to do your own accounting, like using QuickBooks or something else. Those may sound boring, but if you're not ready to do those, you'll have quite a headache if you do end up successful. Next, pick up a beginner's book on how to start/run a small business...then read the E-myth, which discusses why most small businesses fail. Take notes on your specific goals as you read them. Study other businesses that sell similar products and/or services...concentrating locally. Then, get mentoring from successful business owners...possibly at a local business networking meeting.

How are you going to start a branch? A branch is a split off of the original business (I.e. we have several branches across the states)

So the first step is to get your terminology correct.

The second step would be for you to go to your local City Hall and pick up business and tax registration forms. Your local City Hall will also give you an information packet on the startup stages of your business.

Is this a franchise or your own business? You can research franchises on-line - see below. If it's your own shop, what are you going to sell, who are you going to sell it to, will they be willing to buy it, how much will they pay for it, will they keep coming back to buy more of it, will you make enough money to pay rent and buy more inventory to sell more product, how many other similar stores are out there, who is buying from them, what are they buying and how much are they paying. The list keeps going on but if you don't have people buying from you - giving you money for something - and continuing to buy from you, you won't have a successful business.

let's just save time shall we...

send me all the money you are going to loose...

contact your local small business association (sba) office and make an appointment with a counselor. it is a free government service.

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