Wed 30 Sep 2015 | By:

5 Best Practices for Starting a California Business

5 Best Practices for Starting a Business

As a new entrepreneur, it’s ideal to start off on the right footing when starting a business in California. In doing so, this will set off a precedent of good things to come for your business.

To ensure that you can start off right, you need to observe a set of best practices. From the time you set up a business plan up to incorporating in California, observing best practices can really make a difference in the success or demise of your business.


1) Have a Solid Business Plan

Write a Business PlanA business plan lays the foundation for a strong and thriving business. It helps an entrepreneur foresee possible risks, eliminate it, and move forward with concrete goals.

Writing a business plan may be challenging, but it’s worth all the challenge when you know that it’s your business’ future on the line. You can learn how to write a proper business plan and get started now with the resources below.

Quick Links to Plan for Success


2) Take Advantage of Free Startup Resources

Free Resources to Start a BusinessBe savvy as a business owner, and use all the resources you can find on how to start a business in California. Know that being practical and astute when it comes to your business operations are the key to success.

Follow the free startup resources below, and you’ll be a step closer to being successful and savvy business owner.


3) Incorporate in California with the Right Business Structure

Business WebsiteIncorporating in California with the right business structure is not just a state requirement that you do just for the sake of compliance. There are so many facets of your business’ operations that depend on doing this step right.

Start off by choosing the appropriate structure for your business’ operations, then use the links below to incorporate and form your desired structure.


4) Create an Operating Agreement

Create an Operating AgreementAn Operating Agreement is an internal manual to oversee the financial and operational responsibilities and rights of each member/owner of the company you are forming.

Although this is not mandated by the state when starting a business in California, you still need to create an Operating Agreement for company’s protection.


5) Continue Learning as a Business Owner

Continue Learning as a Business OwnerNo matter what industry your business is categorized in, you need to remember that everything is constantly evolving, changing, and improving. If you do not keep up with it all, there’s a chance that your business may not last through these changes.

For this reason, it is imperative that you continue to learn when starting a California business. Continuous learning means reading books about California startup process and how you can apply it, utilizing free startup courses, or even self-educating yourself with tutorials that are available online.


Wrapping Up and Moving Forward

Each business entity follows their own set of best practices. The five best practices above explain when starting a business in California are just a few, but as they say, you have to start somewhere. Apply these practices in your business, and follow through with more practices. This way, you know that you’re a few steps closer to your dreams of owning your future!

About Liesha Petrovich

Liesha is a small business owner of 20 years, host of Startup Savant, the owner of a karate dojo in Maine, and creator of Work Mobly. During free time she's with her family and working on a Doctorate in Entrepreneurship.