10 Simple Steps
Wait, isn’t naming your brand step 1? How about developing your products and services? Nope and nope. The first and most important step is professionally planning your business venture. Winging it no longer works apparently. Financials, objectives, strategies, your target market and pitch, etc.
Take Action: Sign up for our free email-based Business Planning Course designed to get you from A-to-Z as quickly and smoothly as possible. Plus, we provide access to tons of other great tools along the way that make the planning process for more rewarding.
The second big step is figuring out what kind of business “entity” you’re building in Florida. Each one has it’s own set of pros and cons so take some time to weigh them carefully. Remember, eventually you’ll have to incorporate. It’s inevitable, so be savvy and get it out of the way much closer to conception. It provides a big boost to brand-perception!
Take Action: As this aspect of starting a business is sensitive, we’ve developed quick and easy guides for your convenience.
Now, once you’ve chosen your business structure and registered, it’s time to be completely aware of your tax obligations. No, you can’t put this off so don’t even think about it. Besides, the Sunshine State is very business friendly with a smorgasbord of incentives and tax credits.
Take Action: A great place to start is the Florida Dept. of Revenue website that has links to everything you need to know. Be sure to bookmark it. Here’s a link to the specific Florida Business Taxes page as well.
After tackling tax requirements, it’s time to fill out and file all forms required by the State of Florida to legally operate, and be protected by, the law.
Mixing personal and business accounts is a cardinal mistake many novice entrepreneurs make until it bites them in the behind, typically around tax time or when funding issues ensure. Do yourself a favor, separate the two and give your brand it’s own business account which itself will come with perks and discounts depending on the institution you choose to bank with.
So, what’s it going to be? Near the sandy beaches of Naples? No, wait, Orlando? Perhaps Doral so you’re still close to Miami? Regardless, like everywhere else in the world, with Florida location plays a huge role in your success.
Take Action: But we know choosing a location can be tough if it doesn’t somehow happen naturally through your personal/professional network. If you’d like to brush up on everything that goes into making this decision, refer to our guide on How to Choose the Perfect Location.
CrowdSourcing, Social Lending, venture capitalists or lenders, the good news is that money flows through Florida like a raging river thanks in part to the weather and all the many travel destinations inside her borders. Question is, how do you plan on taking your chunk of that pie?
Take Action: The email course we mentioned in Step 1 really comes in handy here because planning and finances go together like bacon and tomatoes. You can also browse our guide on How to Finance a Business to start generating ideas.
Trust us, WE KNOW what a debacle it can be to design and publish a professional business website. It’s taken years to get StartupSavant.com to where it is through the help of our readers and partners. But, truth is, like it or not having one isn’t optional anymore if you want your brand to be taken seriously.
Take Action: The first step is finding the right platform, which thankfully there aren’t too many. Head on over to this easy Business Website Builder Guide to get a head start.
We weren’t sure if we wanted to add this step or not because it’s such a big can of worms. But marketing, like having a website to help, isn’t optional and there’s no end to the budget-consuming complexity you can reach. It really comes down to people skills and tools. Honestly.
Take Action: Before you start tossing resources at this methodology, or that social media platform, study your ideal customers/clients. Talk to them. Reach out to them. Don’t think you can just throw money at the internet and leads will appear. Increase your odds of success by making as many REAL human connections as you possibly can.
Not a single day will pass in business that doesn’t provide both lessons and opportunities. Often, they occur simultaneously. From where we’re sitting though the #1 place to turn for incredible insight and edge-grabbing-info are other change makers. They’re endless reservoirs.
Take Action: Tap into our weekly newsletter filled with tips, tricks, lessons, and inspiring stories directly from entrepreneurs like you.
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