2019 Top 10 Steps To #Start A 100k #Startup Company
There are various forms of startups and lots of unique jobs within a startup. I’m going To Show You The Top 10 Steps To Start A 100k Startup Company.
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1. KNOWLEDGE AND SKILLS- WHAT TYPE OF KNOWLEDGE AND SKILLS YOU HAVE TO SUPPORT YOUR STARTUP. WHAT TYPE OF MARKET RESEACH HAVE YOU DONE ON THE PRODUCTS AND SERVICES YOU’RE OFFERING IN YOUR STARTUP COMPANY
2. MONEY TO INVEST INTO YOUR STARTUP. DOYOU HAVE MONEY OR OTHER No assets that you can pawn or sell to get the business started. Do you have a professional license like a doctor, lawyer, dentist or nurse. Many people with a professional license are not aware they can get funding for their small business or startuo just because they have a professional license.
Existing business- Do you have financial statements form an extisting business that alternative lenders will be willing to loan to for your startup.
3. SETTING YOU THE CORPORATION. YOU SHOULD SET UP THE CORPORATION SO YOU’RE SEPARATING AND PROTECTING YOUR PERSONAL ASSETS IN CASE THE COMPANY CREATES ANY LIABILITIES. yOU CAN SELL THE STOCK IN THE BUSINESS TO RAISE MONEY FOR STARTUP. ALSO VENTURE CAPITALIST AND ANGEL INVESTORS LIKE DEALING WITH COMPANIES STRUCTURED AS A CORPORATION THAN A PASS THROUGH LIKE AN LLC OR S-CORP
4. BE COME AN AFFILIATE OF YOUR COMPETITORS IF YOU HAVE LIMITED KNOWLEDGE AND SKILLS ABOUT THE STARTUP YOU WANT TO START.
5. INVITE PARTNERS TO HELP YOU GROW THE BUSINESS
6. BRANDING. DO YOU HAVE A STRONG SOCIAL MEDIAL FOLLOWING THAT WOULD BE WILLING TO SUPPORT YOU OR MAYBE PARTNER UP WITH YOU.
7. INVESTOR/Co-signors- do you have friends and family that will be willing to co-sign a startup or business loan for you. Or are they willing to borrow from their retirement plan like a 401k or take out a second mortgage to help you with your startup.
8. ONLINE OR PHYSICAL BUSINESS- ARE YOU SELLING YOUR PRODUCTS AND SERVICES ONLINE OR IN A PHYSICAL BUSINESS
9. BUSINESS PLAN.ACTION PLAN- MOST INVESTOR WANT TO KNOW WHAT ACTIONS ARE YOU GOING TO TAKE TO REPAY THEM THEIR MONEY
10. GET A JOB OR KEEP YOUR JOB TO PAY YOUR BILLS.
Once your company is ready to go, anything else is possible. To qualify for the loan, it must meet some criteria such as your business must operate in the United States, your business must qualify as a small business according to SBA guidelines, you must operate for profit and you should have a good credit score. If you’re planning to become into a totally new business, it would really be helpful if you got another opinion from somebody who knows the marketplace and the challenges involved.
Grow your company If you’re contemplating starting a company, you likely already have a notion of what you wish to sell, or at least the market you would like to enter. If your company provides a service, you could also wish to contemplate expert liability insurance. If you believe you’re all set to begin your very first business, following is a step-by-step overview of what you will need to do in order to make it occur.
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