Categories
Entrepreneurship

Starting a business in the USA is easy, here is the Top 10 Recommendations [Video]

Starting a business in the USA is easy, here is the Top 10 Recommendations

The president of Rogers Park Chamber of Commerce gives these 10 top recommendations, if you want to start your business in the USA.

The recommendations:
1. Market research
a. Who are your competitors, your customers, and your niche?

2. Business plan
a. Find a template for your business or related to your business.

3. Funding
a. Determine how much funding you’ll need.
b. Fund your business yourself with self-funding
c. Get venture capital from investors.
d. Use crowdfunding to fund your business.
e. Get a small business loan.
f. Use Lender Match to find lenders who offer SBA-guaranteed loans.
g. SBA investment programs

4. Location
Where you locate your business depends in part on the location of your target market,
business partners, and your personal preferences. You should consider the costs,
benefits, and restrictions of different government agencies.
You’ll need to register your business, pay taxes, and get licenses and permits in the
place you choose for your business location.

5. Choose a business structure
The business structure you choose influences everything from day-to-day operations, to
taxes and how much of your personal assets are at risk. You should choose a business.
structure that gives you the right balance of legal protections and benefits.

6. Choose your business name
Your business name reflects your brand and captures your spirit. Check that your
business name is not being used by someone else.

7. Register your business
After selecting the perfect business name, you need to make it legal and protect your
brand. If you’re doing business under a name different from your own, register with the
federal government and your state government.

8. Get federal and state tax IDs
You will use your employer identification number (EIN) to start and grow your business,
such as opening a bank account and paying taxes. It is similar to a social security.
number for your business. Some states require you to get a tax ID.

9. Apply for licenses and permits
Stay legally compliant. The licenses and permits you need for your business will vary by
industry, state, location, and other factors.

10. Open a business bank account
A small business checking account can help you handle legal, tax, and day-to-day.
issues. It is easy to set one up if you have the right registrations and paperwork prepared.

The books can be found in the below links:

https://smile.amazon.com/B0BNG5J78W
https://smile.amazon.com/B0BL4ZRV53
https://www.amazon.com/dp/B0BQC146FB

#business
#america
#usa
@SiamPasarly

Watch/Read More