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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Starting a business involves brainstorming, planning, and ensuring that you comply with all necessary legal obligations. Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . What legally defines a small business?

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You’ve Got Funding: 5 Things to Do With the Money Right Away

Up and Running

The details within those pages will remind you of the spending strategy you outlined to get your business off the ground. According to 2016 statistics published by the Small Business Administration (SBA) , only about 78 percent of small business startups survive the first year, and only half make it to the five year point.

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8 Steps to Starting Your Own Business

Up and Running

In order to start a successful business, passion alone isn’t enough. How will these affect day-to-day operations? As you get started, your business will likely dominate your life so make sure that what you’re doing is stimulating and challenging, but not completely outside of your expertise. What are your strengths?

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How to Avoid Using Personal Funds to Address Your Business’s Financial Challenges in 2021

Up and Running

You’ve probably heard not to mix business with pleasure, but did you know combining business and personal finances can be equally damaging? While dipping into your personal account may seem like a logical solution if your business is short on cash, it can backfire in multiple ways. Consolidate your business loans.

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How to Start a Business: A Step-by-Step Complete Guide (2019)

crowdSPRING Blog

Rather, it should be one or two pages, identifying the key elements of the clothing line’s business strategy. A business plan is a document that outlines the financial and operational goals of your business. A business plan a vital part of any new venture. Operating plan. An industry overview.

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Bootstrapping Your Start-Up Business with Little or No Money

entrepreMusings

Typically, the biggest challenge for most new business start-ups is capital, or more specifically, the lack of capital. The reality is that traditional sources of financing a new business are a long shot at best, especially in the new economy. There are a countless number of creative ways that you can finance a start-up.

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5 Tips To Take Your Small Business To The Next Level

YoungUpstarts

You can then begin to sell through your own website (once you’ve updated it with e-commerce software), or through social media or a purpose-built e-commerce platform. There are now many different platforms out there; some that let you start for free and add paid features as your business grows. Streamline your day-to-day tasks.