6 Reasons Why You Should Consider Starting A Business

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Are you weary of being told what to do all the time in a company you’re working for? If your answer is yes, then it is best if you consider starting a business. There are a lot of reasons why you should start a business. Let me give these reason that will let you think of creating a business plan after you’re done reading.

1. Time

The good thing about being the boss is that no one will question about your time. You can come in a little late then do overtime, and no one will ask.

2. Tax Perks

If you are an entrepreneur, there are a lot of things that you can benefit when we talk about tax. You can take of some things that you won’t need to pay. You can include travel allowances, food, telephone bills, and a lot more.

3. Pride

If you build your company, then you are the only one who has the bragging rights to tell the whole world that it’s from your hard work.

4. Legacy

If you a have a family, there is always a point where you think what will be the best legacy that I can leave to my children. Unlike any other jobs, being the owner of your firm is something that you can pass down to the next generations.

5. Security

If you are the owner of the business, then you no longer need to worry about hearing the dreaded statement, “you’re fired.” As employees, the feeling of uncertainty when you make a mistake gives you the thought that you can be laid off anytime.

6. Connection

As you establish your business, there will be a lot of people that you will meet. Of course, entrepreneurs need one another to survive. You will be well connected to the society.

It is your choice if you want to aim higher. You just have to know that you don’t have to be just the way are if you can be someone people look up to.

8 Steps That You Need To Follow If You Want To Start A Business

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Starting a business is not easy to do. There are instances that you have a lot of ideas, but you can’t sort out which are the things you need to do. It is normal, but you have to be organized if you want to be able to run your own business. Let me give you a step by step guide on how you can start your business.

Step 1: Create a business plan

If you are having a problem gathering your thoughts, it is best if you create an outline of your ideas regarding your plans for the business.

Step 2: Get some training

There are several free pieces of training that you can attend whereas you can learn about things on how to run a business and financial advice. You can look for business conventions as well.

Step 3: Choose you location

You need to pick a location for your business. You need a place where your target market can easily access your business.

Step 4: Financial Assistance

A lot of financial aid is available if you want to start a business. You can loan the money from different organizations such as banks or government subsidies.

Step 5: Establish the type of ownership

You should be clear on what type of ownership you will have for your business. It all depends on you. Are you going to be a sole proprietor or will you have any partner?

Step 6: Register your business

One thing all businesses have in common? All companies have their name. You should have it registered for legal purposes.

Step 7: Taxes

It is important to start your business the right way. Make sure that you have the tax identification number of your business, compensation info and other things needed for compliance.

Step 8: Get you permits

It is a must that you get the license to operate, sanitary permits and other state requirements for the business operation.

If it is the first time that you’ll be starting a business, there is nothing wrong by following the steps provided as it can help you a lot.

Infographic by: Candice Landau

Infographic by: Candice Landau