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SBA Business Plan

 

Starting a Business

 

Want to start a business?

These things must be analyze before starting a business

  • Analyze yourself.
  • Understand your qualities, strengths and weaknesses.
  • Analyze the opportunities in the region in which you want to start the business.
  • You should understand the risks which is associated with that business which you want to start.

Many other things which you should analyze before starting a business are explained on sba.gov (Small Business Administration).

Before starting a business you should ask some questions from yourself or from a business expert like;

  • Reason to start the business?
  • What is the nature of your business?
  • Who are your customers?
  • Your target market?
  • Which type of service or product you want to provide?
  • Location of your business?
  • Number of employees you need?
  • Will you need to get loan?

For more detail you can visit SBA.

Steps of starting a business   

  1. Business Plan

Business plan must be complete and applicable as explain in our Business Plan section or on SBA website.

  1. Business Training

Take free or paid training because without training it is too much difficult to run a new business.

  1. Choose Location

Choose that location which is convenient to you and for your customers.

  1. Financing

Recognize the sources from which you can finance your business.

  1. Type of Business

Decide which form of business is better for you e.g. Sole proprietorship, partnership etc. 

  1. Registration

Register your business and name of your business with concern parties.

  1. Obtain documents

After registration obtain your documents and tax number from the Government.

  1. Responsibilities

Understand your responsibilities as an employer. And take legal actions for hiring employees.

For further information about business plan you can visit SBA website.

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