21 Steps to Starting a Business (You Don’t Want to Skip Any)

Start, manage and grow your business. Create Free Account: https://www.marketing360.com/?ref=YouTube21StepsToStartingaBusinessVideo 21 Steps to Starting a Business (You Don’t Want to Skip Any): 1- Create your business plan. What is the purpose of your business? Who are you selling to? What are you selling? For how much? What are the costs? What makes you different? What is your marketing plan? What partners will you need if any? What is your mission, vision, strategy and goals? What does your team look like? What are the roles, compensation plans, goals, etc? 2 - Develop your elevator pitch. Test it out on people to see if they would buy. Share your business plan/idea with others to gather feedback. Secret shopper competitors. Key to become a strong sales person or put somebody in charge of sales. 3 - Save or raise money. Need enough money to cover your start up expenses and marketing for up to a year. 4 - Pick a location. Think through the details and costs. 5 - Choose your brand name. Something people will remember, ideally easy to spell. Make sure the domain name is available. Also check social media handles. 6 - Create your brand guidelines. Logo, brand guidelines — colors, fonts, taglines, brand voice 7 - Choose your business structure. (sole proprietor, LLC, C-corp, etc). This influences operations, taxes, risk and more. 8 - Register your business. Google search how to get your business registered and follow the steps. It may vary by state. 9 - Get federal and state tax ID numbers. Your state tax ID and federal tax ID numbers — also known as an Employer Identification Number (EIN) — work like a personal social security number, but for your business. Your Employer Identification Number (EIN) is your federal tax ID. You need it to pay federal taxes, hire employees, open a bank account, and apply for business licenses and permits. 10 - Setup business banking. 11 - Setup your accounting. Use a small business accounting program such as Quickbooks