Career Development Centre (CDC) > Making a Business Plan

10 Steps to Starting a Business

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Shamim Ansary:
Step 1:
Research and Plan Your Business
Use these tools and resources to help you prepare your business plan and become a successful business owner.

Step 2:
Get Business Assistance and Training
Take advantage of free training and counseling services, from preparing a business plan to getting financing, and help expanding and relocating a business.

Step 3:
Choose a Business Location
Get advice about choosing a customer-friendly location and complying with zoning laws.

Step 4:
Finance Your Business
Find government backed loans, venture capital and research grants to help you get started.

Step 5:
Determine the Legal Structure of Your Business
Decide whether you are going to form a sole proprietorship, partnership, LLC, corporation, non-profit or cooperative.

Step 6:
Register a Business Name ("Doing Business As")
Register your business name with your state government.

Step 7:
Get a Tax Identification Number
Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency.

Step 8:
Register for State and Local Taxes
Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.

Step 9:
Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits required for your business.

Step 10:
Employer Responsibilities
Learn the legal steps you need to take to hire employees.

jafar_bre:
yeah this is absolutely  correct .......tips are very much helpful

Noman_1450:
This is so much important post. After completing  my educational life i will try to start a business.(insallah)

najnin:
May be in near or far future these tips will be helpful for me. Thanks for a nice post.

najnin:
It could be helpful for beginners. Thanks.

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