Quick review

Just a brief entry tonight. Let's go over what you've read so far.

You want to do something you know well and you want to do it for yourself. So you decide what type of entity you'll have: proprietorship, partnership, corporation, etc. You'll register a fictitious name, get a Sales Tax license, an employer ID (FID/EIN/FEIN/whatever) if you will be having employees in the near future, and open a bank account.

Plan your workday, week and month around how your industry operates. Plan on where you'll operate your business and plan the setup of your books or recordkeeping. Plan how much you'll charge to make enough money for the business AND to have enough to pay yourself. Plan how much revenue you'll need to make the profit you need to take home to cover the bills and feed the kids. Plan how much money you'll need to bring in to meet all your expenses and still be able to take some home.

Ready, set, ADVERTISE. Word of mouth is the best method, but, unless you have some great connections or friends with some connections, you'll have to build your reputation from the ground, up. Think about where people will look for what you sell or do and start shopping for the best advertising price to reach your audience. Once you build your customer base, word of mouth will help you out.


Until next time..........



Gary