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People often ask me, "exactly what do I do first to start a home
business? I have an idea for my business, but I don't know what
to do first, then what to do next." Getting started can be the
hardest part for some. The articles in this series will take you
through the first steps needed to start a home business.
Setting up a new home based business is simple if you know what
to do. Today you will learn how to create the business entity,
legally register it with your local government or tax collector
and be able to pay for services and get paid for yours.
First of all, your business must have a name. Check with your
local government for their policies regarding fictitious business
name registration. You can create your business as a sole
proprietorship to make this set up process as easy as possible.
In the future you will want to consider incorporating your
business for liability and tax reasons. Get a qualified
professional to help you when you decide to incorporate.
Now that you have a registered name to operate your business
under, it is time to get the required licenses for running a
small business out of your home from your local government
office. An occupational license or business permit may be
required by your city, county or state, possibly by all three.
Make sure you satisfy all of your legal obligations with local
government before continuing with your home business set up.
With your fictitious name registration and business licenses in
hand, it's time to visit your local bank. Set up a small business
checking account under your business name with you as a
registered signer. Get a starter account for now, then upgrade
later when you need more features. Make the initial deposit from
your personal checking account and label the check "loan to (your
business name)". To process incoming checks you will need an
endorsement stamp to mark the back of each check for deposit. Go
to your local print shop and order a self-inking endorsement
stamp that prints this information:
- For Deposit Only
- (your business name)
- (business account number)
Following Step 1, you will now have set up your home business and
can process payments. If you will be operating on the internet,
go to PayPal.com and set up a business account. You can use your
business checking account and a company credit card as payment
sources for your PayPal account. Then you can accept PayPal
payments from others and make purchases online without having to
give out your credit card or bank account information.
In Step 2 of this series, you will learn how to set up a simple
internet marketing system that will include a web site, lead
generation and email follow up, as well as a credit card
processing system for your sales.
Writer's Resource Box:
Home Business Success Coaching...
Ken Leonard Jr. publishes New Marketer Ezine weekly.
Get the advice and direction you need so you can
make a living working from home. If you are serious,
see what others are saying about New Marketer here...
http://www.kenleonardjr.com
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Stand out from the crowds. Educate your prospects and they will turn to you for more knowledge. When they turn to you for more, they will visit your website. It is up to your website copy to sell your products, NOT your article. Provide great information and at your website, address how the prospect will benefit from what you are offering. Using these things in conjuction will help your cash register to ring.
