Tue 24 Nov 2015 | By:

5 Best Practices for Starting a Florida Business

5 Best Practices for Starting a Business

When you’re starting a business in Florida, there are steps you can stick to so that your chances of success and growth are significantly increased. Aside from innovative startup assistance resources and business tools to use, another essential in starting a business is to follow business best practices.

These best practices range from teaching you how to choose a structure appropriately to how to incorporate in Florida. These practices can be applied in various aspects of business operations, promoting more smoothly flowing operations and establishing a routine that fosters growth.

Each business follows a different set of best practices, but one thing common about these practices is that it breeds success. You can start today by following these five best practices!


1) Have a Solid Business Plan

Write a Business PlanEverybody can write a business plan, but the crucial part is how to write a proper business plan. Get you started on writing a business plan that sets your business’ path for success with the help of the resources below. They are not mandatory, but extremely helpful.

Planning for Success Quick Links


2) Take Advantage of Free Startup Resources

Free Resources to Start a BusinessEntrepreneurs nowadays do not struggle as much as entrepreneurs before as the Internet has provided tons of free startup resources that can be used and applied when starting a business.

As a startup entrepreneur, you should be savvy and use all these resources to your best advantage and learn how to start a business in Florida. To get you started, here are three resources from Startup Savant geared towards helping you start your Florida business.


3) Incorporate in Florida with the Right Business Structure

Business WebsiteIncorporating in Florida using the right structure is an important decision you have to carefully and painstakingly think about for it causes an avalanche of business events that could affect the entirety of your operations.

From your tax requirements to your possibility for future growth, these can all be affected by your business’ structure. When you’ve chosen the right structure, use the guides below to set up your business legally.


4) Create an Operating Agreement

Create an Operating AgreementAn Operating Agreement is an internal document of your business, and not a mandatory requirement by the state of Florida when filing an Articles of Incorporation to be recognized as a legal business entity. However, an Operating Agreement is one of the guidebooks of your business operations.

It helps lay down the foundations for the functional and financial relationships among owners of a business, including duties and responsibilities of each owner. So before you step further into starting your business, create an Operating Agreement.


5) Continue Learning as a Business Owner

Continue Learning as a Business OwnerWhen you’re starting a Florida business, it’s easy to understand that you get easily caught up in the many tasks you need to accomplish.

Right from the Florida startup process, you might be too preoccupied to learn new things. However, when you have established your business, take it upon yourself to start learning. Read on the latest business trends through various online sources and books and use free startup courses


Wrapping Up and Moving Forward

As a reminder, there many best practices you can follow. The five above are just a few of those practices, but it’s always prudent to get going as soon as you’re starting a business. However, you shouldn’t also limit yourself to the ones discussed here. Ensure that your business experiences stability and growth by following business best practices.

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.