Jan 17th
2007

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Found these useful tips for starting a business in Small Business Opportunities magazine (paper edition). I think is a pretty good jump start for anybody starting a business to know where to begin.

Here is a quick review:

  1. Choose a business and pick a name.
  2. File a dba (doing business as) name form with your county clerk?s office so that you can open a business bank account.
  3. Open a business checking account.
  4. Prepare a marketing plan and outline ways you will generate business.
  5. Brush up on accounting and bookkeeping techniques and choose a system-either on paper or on computer that you plan to follow.
  6. Call the local Small Business Administration office in your area. Ask about their free programs, literature and seminars.
  7. Call local community colleges and schools and ask about their proframs in entrepreneurship.
  8. Visit bookstores to brush up techniques you need to know: marketing, advertising, etc.
  9. Write a business plan. It can be 2 or 20 pages, but a good business plan will help you answer all the questions you need to know about your business. It will also be a valuable tool if you need to borrow money from a bank.
  10. Work on a plan to grow you rbusienss. Yes, you?re starting on a shoestring with $100. Where will you be in one year? In two years? IN five years? What are your plans and where are you going.

Ask yourself questions like: Am I starting a business to get rich? To have fun? Why do I want to have my own business? This is an important question to answer. Most folks, who start a business to get rich, wind up folding those businesses in about two years. You must love the business in order to succeed at it. Most get rich schemes don?t work. Do what you love and the money will follow.

Fashion Industry Ceo

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