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Do THIS When Starting a Business | 5 Things To Do First | Watch to the EndIn this video, I will share 5 things that you should do when starting a business. Position yourself for success in the beginning to achieve the results that you want.#startingabusiness #startyourownbusiness #entrepreneur #entrepreneurshipGood Sweetz www.goodsweetz.comFacebook; Good Sweetz LLCwww..instagram.com/goodsweetzllc
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You want to make sure you prepare thoroughly before starting a business, but realize that things will almost certainly go awry. To run a successful business, you must adapt to changing situations.___________________________________________________________________Learn More About LLC’s or Limited Liability Companies👉WHAT IS A LLC – https://www.youtube.com/watch?v=I22XvWHC_pI 👉DO LLC’s GET TAX REFUNDS? – https://www.youtube.com/watch?v=d4VTnJ-N5B4👉7 BENEFITS OF AN LLC – https://www.youtube.com/watch?v=uBaN3D56GO4👉WHAT CAN A LLC DO IN FLORIDA – https://www.youtube.com/watch?v=7P_gI06xUUs👉HOW DOES AN LLC MAKE MONEY – https://www.youtube.com/watch?v=HTKgIryNPtQ___________________________________________________________________ Consider franchising.Another option is to open a franchise of an established company. The concept, brand following and business model are already in place; all you need is a good location and the means to fund your operation.Brainstorm your business name.Regardless of which option you choose, it’s vital to understand the reasoning behind your idea. Stephanie Desaulniers, owner of Business by Dezign and former director of operations and women’s business programs at Covation Center, cautions entrepreneurs against writing a business plan or brainstorming a business name before nailing down the idea’s value.Once you have your idea in place, you need to ask yourself a few important questions: What is the purpose of your business? Who are you selling to? What are your end goals? How will you finance your startup costs? These questions can be answered in a well-written business plan. A lot of mistakes are made by new businesses rushing into things without pondering these aspects of the business. You need to find your target customer base. Who is going to buy your product or service? If you can’t find evidence that there’s a demand for your idea, then what would be the point? ___________________________________________________________________SUBSCRIBE – https://www.youtube.com/channel/UCWBQG-89ntgBRyWPqYYJDJQ___________________________________________________________________*Disclaimer: This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state.
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Like it or not, starting a business requires some level of financial investment. Because bank loans are hard to get, especially with no track record of revenue, entrepreneurs often reach into their own pockets to fund a startup. But if those pockets are empty, it’s time to get creative.___________________________________________________________________Learn More About LLC’s or Limited Liability Companies👉WHAT IS A LLC – https://www.youtube.com/watch?v=I22XvWHC_pI 👉DO LLC’s GET TAX REFUNDS? – https://www.youtube.com/watch?v=d4VTnJ-N5B4👉7 BENEFITS OF AN LLC – https://www.youtube.com/watch?v=uBaN3D56GO4👉WHAT CAN A LLC DO IN FLORIDA – https://www.youtube.com/watch?v=7P_gI06xUUs👉HOW DOES AN LLC MAKE MONEY – https://www.youtube.com/watch?v=HTKgIryNPtQ___________________________________________________________________Unlike most product-based businesses, service-related businesses are relatively inexpensive to launch, said Burnham. They can often be started out of your home with no employees, and can therefore be a great way to generate income as you develop a more robust business plan.Other ideas include launching an e-commerce store before opening a retail storefront or working an umbrella cart or food truck while you save up to open a brick-and-mortar restaurant.Some owners have successfully funded their startup using credit cards, but it’s not typically recommended since interest rates are so high.Taking out a loan against your IRA or a 401(k) is another option, but that’s also a risky move. This route is really only remotely reasonable for young entrepreneurs who will have time to recover if things don’t work out.___________________________________________________________________SUBSCRIBE – https://www.youtube.com/channel/UCWBQG-89ntgBRyWPqYYJDJQ___________________________________________________________________*Disclaimer: This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state.