Quickstart Guide to Setting Up Your New Business

Starting a new business can be a daunting task full of unknowns and costs can start to add up quickly. There is no foolproof way to start your business and there are thousands of different ways to do it. Finding what suits you and your company best is ideal. We’ve broken down for you the simple steps that can help you as you look to set up your new business. Take these steps and transform them into your vision.

If you’re this far into research, you clearly already know what you want your business to be and have a strong passion for it. As a prerequisite, you are good to move on to Step 1. 

Step 1: Plan

This step is the foundation of your business. Take as much time as you need to really nail in the details. You can always make adjustments to these details, but it may become more complicated down the line.

Step 2: Money

This can be one of the more daunting tasks for people as they look ahead at their business. Gone are the days of fully funding your own business, however, so just because you don’t have the funds to start doesn’t mean you have to push your dreams aside. Start researching for:

These are all great options that can help you put your feet on the ground.

Step 3: Open For Business

It’s now time to do a bit of the manual, less exciting, tasks. You need to register your business, open a business bank account, set up an accounting system, file for insurance, and obtain any licenses your business may need.

Step 4: Marketing

Whether you’ve decided for your business to be online or brick & mortar, a website is key for authority. Along with an online presence, make sure your social media is also set up. Synergy is key. You never know where people will find your business and you want to make sure that there is always a good first impression. In 2021 a digital-first approach is key and something that should always be kept in mind when marketing your business. Perhaps billboards and pamphlets aren’t optimal anymore. Instead, look for digital partnerships. 

Although these 4 steps seem simple enough, a lot of time and effort goes into creating a business. Making sure you are ready to dive in is key, and knowing when you need to step back and bring in employees for extra help can make your life a lot easier. 

“There’s no shortage of remarkable ideas, what’s missing is the will to execute them.” – Seth Godin