Being your own boss could be rewarding but there are some facts you should consider before open the doors and give a big Welcome to your customers and friends.
*Conduct a market research to find a good geographical location that brings potential customers interested in your services and conduct a competitors analysis.
*Find out if you need licenses, permits or certifications to run the business in your state.
*Create a suggestive name to attract people.
*Develop a good business strategy to ensure the proper execution of the business. Weigh the pros and cons along with your financial power. Create a budget, the first few years will be tight, there is an uncertain period of time before a business become profitable.
*Seek a business advisor who helps you choosing a business structure according to your needs and the type of business you are launching.
*Register your business.
*Open a bank account.
*Hire a bookkeeper to set up an accounting system and keep the records up to date while you focus on business development, growing as entrepreneur takes time and resources,
*Spread the word!
