There are more than 28 million small businesses in the United States, making up a whopping 99.7 percent of all U. businesses, according to the Small Business Administration.When you consider some of the most popular reasons to start a business, including having a unique business idea, designing a career that has the flexibility to grow with you, working toward financial independence, and investing in yourself — it's no wonder that small businesses are everywhere.
Here are 10 steps that are required to start a business successfully.
Take one step at a time, and you'll be on your way to successful small business ownership.
Paperwork is a part of the process when you start your own business.
There are a variety of small business licenses and permits that may apply to your situation, depending on the type of business you are starting and where you are located.
Those numbers combined is the initial investment you will need.
Now that you have a rough number in mind, there are a number of ways you can fund your small business, including: You can also attempt to get your business off the ground by bootstrapping, using as little capital as necessary to start your business.But not every small business is positioned for success.In fact, only about two-thirds of businesses with employees survive at least two years, and about half survive five years.The good news is that there are different types of business plans for different types of businesses.If you intend to seek financial support from an investor or financial institution, a traditional business plan is a must.Don't forget to register your domain name once you have selected your business name.Try these options if your ideal domain name is taken.You need a plan in order to make your business idea a reality.A business plan is a blueprint that will guide your business from the start-up phase through establishment and eventually business growth, and it is a must-have for all new businesses.Your business name plays a role in almost every aspect of your business, so you want it to be a good one.Make sure you think through all of the potential implications as you explore your options and choose your business name.