Becoming your OWN Boss

• Goal Setting 

(What would you like to achieve physically and financially within the next 1 year/3 years/5 years.)

• Finding your target audience.

You cannot service or meet the needs of everyone, who will your brand cater to? 

(This is done using market research below)

• Market research

Demand: Is there a desire for your product or service?

Market size: How many people would be interested in your offering?

Economic indicators: What is the income range and employment rate?

Location: Where do your customers live and where can your business reach?

Market saturation: How many similar options are already available to consumers?

Pricing: What do potential customers pay for these alternatives?

Here are a few methods you can use to do direct research:

• Surveys
• Questionnaires
• Focus groups
• In-depth interviews

• Writing your business plan

https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan 

• Calculate start up costs

https://www.sba.gov/business-guide/plan-your-business/calculate-your-startup-costs 

(Sample Template)

• Personal Vs. Business Credit

https://www.sba.gov/business-guide/plan-your-business/establish-business-credit

• Location.

https://www.sba.gov/business-guide/launch-your-business/pick-your-business-location

• Choosing your business structure.

https://www.sba.gov/business-guide/launch-your-business/choose-business-structure 

• Registering your business name.

https://www.sba.gov/business-guide/launch-your-business/register-your-business 

• Federal & State Tax ID numbers.

https://www.sba.gov/business-guide/launch-your-business/get-federal-state-tax-id-numbers 

• Licenses & Permits

https://www.sba.gov/business-guide/launch-your-business/apply-licenses-permits 

• Opening a business bank account.

https://www.sba.gov/business-guide/launch-your-business/open-business-bank-account 

• • Business Insurance

  https://www.sba.gov/business-guide/launch-your-business/get-business-insurance 

  • Cost Manangement

  https://www.sba.gov/business-guide/manage-your-business/manage-your-finances#section-header-0 

  Download this Balance Sheet Example: https://www.score.org/resource/balance-sheet-template 

  • Hire/Manage Employees

  https://www.sba.gov/business-guide/manage-your-business/hire-manage-employees 

  • Paying taxes/legal compliance

  https://www.sba.gov/business-guide/manage-your-business/pay-taxes 

  Legal:https://www.sba.gov/business-guide/manage-your-business/stay-legally-compliant 

  • Assets, equipment, vendors

  https://www.sba.gov/business-guide/manage-your-business/buy-assets-equipment 

  • Marketing & Advertising

  https://www.sba.gov/business-guide/manage-your-business/marketing-sales 

  • Contracts
  https://www.sba.gov/federal-contracting/contracting-guide

• • You get all the above plus….

    
    
    • Budget
    • Site review
    • Floor lay-out
    • Lease review
    • Permit guidance
    • Help finding location
    • Contractor referral
    • Discount building supplies
    • Pre-hire consulting 
    • Contract tailored to your business

    Much more…..