The Four Things You Need To Consider When Starting A Business

The Four Things You Need To Consider When Starting A Business

1.Create a Business Plan-There are many templates online to
get you started

(This should include)

  • Marketing
  • Products
  • Goals
  • Measurement
  • Vision

2.Tax identification number, licenses and permits

  • The requirements vary by state. However, every businessshould have an EIN number.
  • Once you make over $500. Your hobby is no longer considered a hobby. It’s a business.

3.Incorporating
your business
 or forming an LLC

4.Work Space?

  • Make sure your business meets the zoning requirements inyour area.
  • Do you really need a workspace? Can you start you business from home
  • Could you share an office space with someone in your field?

Tasheena Womack

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