How to start a business is a question that can have many answers, but few of them are really effective. In this guide, the successful juan jose gutierrez mayorga shares the main points to do that.
Government Help for Starting a Business
Use the resources of federal government agencies to find out about training opportunities, financing, tax benefits, avoiding fraud, and more.
The first step to start finding out about government assistance resources is to use the resources of the U.S. Small Business Administration (SBA). The SBA can help you with your business planning and small business loan programs:
The SBA provides you with a number of resources to develop a business plan that fits your needs. Among these, you can find:
The SBA administers loan programs in conjunction with private sector organizations. Loan programs help meet the financial needs of new businesses; for example, capital to start or expand a small business, funds for construction or land purchase, and microloans.
Tips for starting a business for the first time
The first thing you should do when you are working on a project to form a business is to develop a business plan. Some tools offered by the government can be very helpful.
These ten steps can serve as a guide to get you started.
Sign up for free training or seek help from qualified mentors to avoid making mistakes that will delay your process.
Make an appointment at local assistance centers for guidance on business start-up issues.
Resources for Sole Proprietorships
Sole proprietorship means that you are the sole owner of the business and have all of its benefits and obligations. This is the simplest and most common structure for starting a business.
On the U.S. Small Business Administration (SBA) website, you can find resources for starting your business, paying your taxes, and learn about the advantages and disadvantages of this business model.
You can also consult general and tax resources for small businesses from the Internal Revenue Service (IRS).
Work from home
In the United States, more than half of all businesses are based in the owner’s home, so it is quite common for people to choose to work from home.
If you want to know what the requirements for working from home are and what tax benefits this may have, check with the U.S. Small Business Administration (SBA). The SBA will provide you with this information and will also help you develop a business and marketing plan.
If you receive offers to work from home, follow the Federal Trade Commission’s (FTC) recommendations before accepting.
Start by asking questions about your duties, your salary and the company’s goals to determine if the job you are being offered is legitimate. You also have the option of checking the company’s reputation with your local consumer protection agency.
Check out this information from the FTC about fraudulent offers to work from home.
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