Astro got me thinking that some basic advice on starting a small business could be in order. I’m not going to tell you what product or service is your sure fire way to riches that depends on your talent and interests.
Step one: get a plan; what do you want to sell, who do you want to sell to, how are you going to do it, how much will it cost to get started, marketed and keep running for at least the first 90 days
Step two: get a name; something you can use that people will remember, like Astro’s Rocket Repairs
Step three: get a DBA (Doing Business As) this is also called a fictitious filing. You’ll need the DBA for the bank, most states you can get one at the county clerks office, if not they will tell you where to go to get it. Basically your registering your business with the state.
Step four: get a cheep or free business banking checking account, run all of your business transactions thru it
Step five: get an accounting and book keeping system in place, keep good records
Step six: get a marketing plan and system in place, you need to market and sell the heck out of your business, if you have to choose between spending money on ads or paying yourself, buy ads.
Step seven: get to work on the basics essential to your business, if you need product make sure you have it, whatever you need to make things run get them and get to work.
If you are a business owner with some tips for someone starting out or have quesitons, fire away.