How To Start a Business

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How To Start a Business Video Clips. Duration : 2.02 Mins.

We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . Expand the description and view the text of the steps for this how-to video. Check out Howcast for other do-it-yourself videos from CINERUSS and more videos in the Planning a Start-Up Business category. You can contribute too! Create your own DIY guide at www.howcast.com or produce your own Howcast spots with the Howcast Filmmakers Program at www.howcast.com If you are ready for the risks and the work, take your passion to the next level and start your own business. To complete this How-To you will need: A business plan A budget Capital A name Your business structure An EIN, or Employer ID Number An accountant Business permits and licenses Insurance A location Equipment Russell Leavitt Step 1: Understand the risks Understand the risks associated with starting a business, and make sure you are prepared for the stress. Tip: Take business training courses to help you as your develop your business. Step 2: Develop a plan Write a business plan to use for financing and as a guide for running the business. Research the market to understand your competition and what running the business involves. Step 3: Develop a budget Estimate the potential start-up costs for your business, such as equipment, petty cash, and salaries. Finance these costs through personal savings, loans, government grants, and investors. Step 4: Choose structure Choose a name and structure for your business. Structures include sole proprietorship, partnership, LLC, corporation, non-profit, and cooperative. Step ...

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