Guide To Starting A Business

1. How to Start a Business in 19 Steps

Next Read: How to Perform Market Research for a New Small Business

Running A Business

How to Start a Business in 19 Steps

By
May 24, 2023 • 6 min read
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Table of Contents

      Learn how to start a small business.

      Starting a small business involves many crucial planning, legal, and financial steps. This guide will walk you through everything you need to know.

      STEP
      1

      Perform market research.

      Market research can provide valuable insights into your marketplace, the industry your new small business is entering, and the competition it will face.

      Learn more about performing market research.

      STEP
      2

      Write a business plan.

      If you have big aspirations for your business, a detailed plan is usually the best way to make your dreams a reality.

      Learn how to write a business plan here.

      STEP
      3

      Write objectives for your business plan.

      As a small business owner, setting objectives is a key part of your company’s success.

      Learn how to write your own business objectives.

      STEP
      4

      Establish what type of business plan you have.

      Business plans are helpful tools for startups.

      Learn the types of business plans that companies use on a common basis.

      STEP
      5

      Present your business plan.

      Business plans can be the key to securing startup financing, expansion capital, or outside investments.

      Learn how to present your business plan.

      STEP
      6

      Fund your small business.

      There are many ways to fund your small business.

      Learn more about popular business funding options to consider for your company.

      STEP
      7

      Learn how much it will cost to start a business.

      The amount of money a startup can expect to spend up front will vary greatly.

      Learn how to determine how much money you’ll spend to start a business.

      STEP
      8

      Grow your business with different funding strategies.

      If you’re ready to get your business up and running, you may be wondering how to fund it.

      Learn about 10 funding strategies you should consider.

       

      STEP
      9

      Choose a business location.

      Choosing the right location for your business is one of the most important decisions you’ll ever make. No pressure.

      Learn how to pick a business location.

      STEP
      10

      Learn about small business zoning laws.

      Wherever you choose to operate your small business, it’s important to know and understand the zoning laws in your area.

      Learn more about zoning laws for your small business.

      STEP
      11

      Choose a business structure.

      One of the most important decisions you’ll make when starting a business is what type of business structure to choose.

      Learn about choosing your business structure here.

      STEP
      12

      Name your small business.

      Naming your business is a stressful decision for many business owners, but you can do it in a way that leads to greater financial success.

      Learn how to name your small business.

      STEP
      13

      Check if your business name is available.

      A critical part of choosing the perfect name for your business is making sure that the name is available.

      Learn how to check if your business name is available.

      STEP
      14

      Register your business.

      One of the most important parts of starting a new business is making it official.

      Learn more about registering your business.

      STEP
      15

      Get a business tax ID number.

      If you’ve recently started a new small business, you need a business tax ID number.

      Learn what you should know about business tax ID numbers.

      STEP
      16

      Get a business license.

      Check out everything you need to know about obtaining a business license as well as other permits you might need.

      Learn about getting a business license.

      STEP
      17

      Open a business bank account.

      There are many factors to consider when you decide to become an entrepreneur. Opening a business bank account is just one crucial step.

      Learn how to open a business bank account.

      STEP
      18

      Learn the benefits of having a business bank account.

      No matter how long you’ve been in business, a business bank account is vital to both your sanity and survival.

      Learn the benefits of having a business bank account.

      STEP
      19

      Get business insurance.

      Business insurance protects your small business, offering you financial coverage in the cases of lawsuits, injuries, accidents, honest mistakes, and more.

      Learn about business insurance.

      About the author
      Lendio

      Lendio's team of experts is here to help you with every nook and cranny of your business. We'll make sure you have the best advice for financing, operations, management, hiring, and much more.

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