Tuesday, 24 January 2017

Monday, 23 January 2017

Procedure of starting your own business

Step 1: Write a Business Plan

Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.

Step 2: Get Business Assistance and Training

Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.

Step 3: Choose a Business Location

Get advice on how to select a customer-friendly location and comply with zoning laws.

Step 4: Finance Your Business

Find government backed loans, venture capital and research grants to help you get started.
 Obtaining funding should start with a solid business plan. If you write a convincing business plan, then your chances of obtaining funding are greatly enhanced. Lenders and investors want to see proof that customers want your product or service and are willing to buy it for a price at which you can make a profit. The more tangible evidence you offer of this claim, the better chance you have.

Step 5: Determine the Legal Structure of Your Business

Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.

Step 6: Register a Business Name ("Doing Business As")

Register your business name with your state government.
Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency.

Step 7: Register for State and Local Taxes

Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.

Step 8: Obtain Business Licenses and Permits

Get a list of federal, state and local licenses and permits required for your business.

Step 9: Understand Employer Responsibilities

Learn the legal steps you need to take to hire employees.

Step 10: Find Local Assistance

Contact your local SBA office to learn more about how SBA can help.

Wednesday, 18 January 2017

Understand what leads to Success

 

To many, success seems to come suddenly. When you observe others and what they have achieved you usually don’t appreciate what it has taken for them to get where they are. Ultimately, in failing to do this you also fail to learn what it would take for you to attain the same level of achievement and success.
But, if you take the time to truly think about it, you will find that success is usually only a small step away. Yet despite that it eludes most people. It is always so near and yet so far.
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These are facts about success;
1.The secret to success is simply to keep trying

2.One of the marks of successful people is they are action oriented. One of the marks of average people is they are talk oriented. — Brian Tracy

3. Life isn’t about finding yourself, it’s about creating yourself. — George Bernard Shaw

4.In order to succeed, your desire for success should be greater than your fear of failure. — Bill Cosby

5.When it is obvious that the goals cannot be reach, don’t adjust the goals; adjust the action steps. — Confucius

6.I am thankful for all of those who said NO to me. It’s because of them I’m doing it myself. — Albert Einstein

7. There are no shortcuts to any place worth going. ~ Beverly Sills

8.The only place where success comes before work is in the dictionary. ~ Vidal Sassoon

9.Have a very good reason for everything you do. ~ Laurence Olivier

10.The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it. ~ Debbi Fields

11.A business has to be involving, it has to be fun, and it has to exercise your creative instincts. ~ Richard Branson

12.Don't limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you believe, remember, you can achieve." —Mary Kay Ash 

13.If you don't stand for something you'll fall for anything." —Malcolm X

14.The two most important days in your life are the day you are born and the day you find out why." —Mark Twain

15.It often requires more courage to dare to do right than to fear to do wrong." —Abraham Lincoln

16.If at first you don't succeed, try, try, try again." —William Edward Hickson

17.As you grow older, you will discover that you have two hands, one for helping yourself, the other for helping others." —Audrey Hepburn











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