December 14, 2016

In the early stages of a business, it’s important to make a list and check it twice. Here are some tips on the details of launching a startup!

Write a business plan

Starting your own business is exciting, but remember to fully write out a business plan. This document generally projects the next 3-5 years of your business, what makes it different from other companies, and your intended marketing plans.

Financing your business

Now that you have a viable idea, it’s time to get funded! No need to ask Santa for money, you can seek government-backed loans, venture capital or competition prize money to get your startup off the ground.

Legal structure of your business

Decide which business structure is right for your startup: sole proprietorship, partnership, Limited Liability Company (LLC), S corporation, corporation, cooperative or nonprofit.

Hiring Employees

Hiring your first employee is exciting, but make sure you are legally ready. Learn about employee and labor laws before you find the perfect people to help you to take your business to the next level!

Marketing

Begin composing your marketing tactics by putting together your brand, social media profiles, and website design! A solid marketing foundation will help you increase brand awareness and gain trust.

Follow these first steps, check your list twice, and your business will end up on to the nice list!

Sarah Temple, Communications, Charles D. Close School of Entrepreneurship