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How to Start a Business

How to Start a Business

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Published by TermDefined

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Published by: TermDefined on Jun 08, 2010
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01/10/2013

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v
,*?
SCORE.
Counselorsto
America's
Smali
Brrsiness
www.score.org
------."".-..-.".__THE-".-._
il#h/rpAh'y
CORPORATION''
www.
incorp
or
ate.com
score2
 
Publishedby lnc.magazine,adivision
of
MansuetoVentures,
LLC.
Copyright
@
2OO7
byMansuetoVentures,
New
York'
NY'
Allrights
reserved.
No
portion
of
this
booklet
may
be
used
or
reproduced
withoutwritten
permissionfrom
the
publisher
(contact:/nc'
magazine,
375
LexingtonAvenue,
New
York.
NY
10017).
wwwinc.com
Thepublisher
is not
engaged
in
renderinglegal,accounting
or other
professional
advice'
lf
legal
advice
or
other
expertassistanceis
required,
theservicesof
a
competent
professionalshouldbe sought.Sponsored
by
The Company
Corporation'(wwwincorporate.com/score2)
in cooperation
with
SCORE
(www.score.org).TheCompany
Corporation@
is
anincorporation
service
company
andis not
a
substitute
for theadvice
ofa
licensedattorney.The
material
in
this
workbook
is
based
on
work
supported
by
the
U.S. SmallBusiness
Administration
(SBA)
under cooperativeagreementnumber
SBAHQ-08-S-O001.Any
opinions,
findings
and conclusionsorrecommendationsexpressedin
this
publication are
those
of
the
autho(s)
and
do
not
necessarilyreflect
the
viewsof
the
SBA.
n#MpAlqY
CORPORATION
DearBusiness
Owner,
Congratulationsontakingyour
first
step
towardstarting
yourown
business!
We
hope we
can
helpyouachieveyourAmericandream.As a dedicatedpartner
tothousandsof smallbusinesses
across
the
United
states,
The company
corporation
invitesyou
to
read
the
followinginformationon
starting
a
business.smallbusinesses
provide
the
foundation
for
our
country's
economicgrowth.
We
want
to
assist
you
by
providing
the
products
and
servicesyouneed
to
succeed.The CompanyCorporationand
SCORE
havepartnered
to
bringyou
this
workbook
written
by
theeditors
of
lnc.
magazine.
The
workbookprovides
information
about
topics
ranging
from
yourinspiration
for startinga
businesstocreatinga
plan,
building
a
team,
andinvestingintechnology.
lt
also
focuses
on
cashcontrol,
financlal
management,selecting
a
business
structure,
and
capitalizingon
the
Web.
We'rehonored
to
provide
this
educational
toolforuse
by
SCORE
counselors
and
theirclients.
SCORE
counselorsvolunteer
theirtime
and
expertise
to
helpsmallbusinesses
withconfidential,freebusinesscounseling'
The
SCORE
Association
has
helpedmore
than
7.8
millionsmallbusinessclientssince1964'
The company
corporationhas
helpedmore
than
300,000
small
business
owners
just
likeyou
to
incorporateor
form
LimitedLiability
companies
(LLCs)'
we
providearange
of
productsand
services
including
business
licenses,corporate
kits,
self-help
books,certificates
ofgood
standing,
andregisteredagent
service.
Our
mission
is
to
help
businesses
start
andsucceed.Withour
businessstart-upservices
andourcompliancemanagement
tools,
more
and
more
buslnesses
areturning
to
The company
corporation
eachandeverymonth.
Together
with
SCORE,
The
Company
Corporationwishes
America's
smallbusinesscommunitycontinuedsuccess.
Regards,
R$-A-"*-
\
Brett
Davis-'--'/
GeneralManagerThe CompanyCorporation
Our Web
sitewwwincorporate.com
/scote2
L-e66
/
544-6804
(to
I
l-f
ree)
The
company
corporationis
a
service
companyanddoes
not
pravidelegalor financialadvtce
 
Summa
rtze Your
Idea
Remember
the following about
anyidea
fora
new business:
.
A|ways
be on
the
lookout
for
ideas.
They
can come
from
anylvhere:yourworkexperience,
a
hobby
orevenyourexperiencesas a consumer whenan
existing
productor
servicedoesn't
meetyourneeds.
.
ldentifya
niche.
Usually
the
niche or opportunity
will
be aninnovation
or
provenidea in anew market
or a
unique ideainanexisting market.
.
Learn
everlthing
you
can
about
the
businessyouwant
to start
and
the
marketplace
you'll
be
operat-
ing in. This meansgettingwork experience and
collecting information
so
you'll
know
the
industry
inside
and
out,
.
Make sureyouridea is
focused
so
that
youcan
expressit
clearly
in 50
words
or
less.Summarizeyourbusiness
idea in
5O
words or
less:Begin
testing
your
idea by
askingprobing questions.Put
answers
in
writing.
Do
this
for each
ideayouhave:
1.
Where didyouridea originate(froma
specific
experience,
industry observation,
a suddeninspiration)?
2.
lfyouridea is
for
a newproductor
service,
describe
how
youexpect
toget
it
accepted
in
the
market.
3.
lfyouridea is
for
animprovement or variation
of
an
existing
productor
service,
describe
why
consumers
will use
it
instead
ofwhat is
already available.

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