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Entrepreneurship

Ask SCORE: A well-constructed business plan is needed to address the necessary steps to form a small business | Business News [Video]

QUESTION: I am thinking about starting a business. However, I am not sure what steps I should take. Can you offer some direction in this regard?

ANSWER: Your question is timely, as several state and local websites have been recently updated. The first thing you should do is construct a written business plan.

I see too many entrepreneurs who invest a lot of money with start-up expenses, before doing the necessary due diligence.

A well-constructed business plan will address all of the necessary steps you must take in the formation of a new business including:

  • Select a legal structure: Consider an S corporation or a limited liability company if yours is a sole proprietorship or one with just a few partners.
  • Register a fictitious name: A fictitious name is the legal term for an assumed name that a business uses instead of the name of the owner. This is also …

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How to Purchase and Manage Your Inventory with airSlate [Video]

Do you still rely on a manual approach while handling quotes and creating invoices?Running mission-critical operations manually results in major delays and unhappy customers. On top of that, manual methods have proven themselves to be more expensive and time-consuming in the long run, while introducing the risk of duplicating payments, incurring past-due charges, and introducting bad data.Change how you handle operations by transforming your most critical procurement processes into fully-automated document workflows with airSlate’s no-code automation.🔵 Learn more at https://www.airslate.com/product/create-and-automate-workflows/?utm_source=youtube&utm_medium=social&utm_campaign=airslate-ICP-OP_teams&utm_content=description🔵 Partner with the most powerful business automation platform to delight your customers: https://www.airslate.com/become-a-partner/?utm_source=youtube&utm_medium=social&utm_campaign=airslate-ICP-OP_teams&utm_content=description🔵 Find everything you need to know about the latest business automation trends: https://blog.airslate.com/?utm_source=youtube&utm_medium=social&utm_campaign=airslate-ICP-OP_teams&utm_content=description🔵 Follow us on our socials to stay up to date:https://www.facebook.com/airslatehttps://www.instagram.com/airslatehttps://twitter.com/airSlatehttps://www.linkedin.com/company/airSlate