answersLogoWhite

0


Best Answer

The very first step in starting up a small business is to decided the nature of the business. Then a business plan must be written up, stating the nature of the business and estimated cost to run for the first year.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the first step in starting a small business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the first step a person should take to find out how to start a small business?

Your first step to starting a small business would be coming up with a plan. You should think about what product your selling or service you preforming. The you should think about financial plans.


What is the first step in starting a business?

The first step is creating a business plan. Once you have that, you need to show it to potential investors who will help you raise the necessary capital. You can also check into government loans for small businesses.


What is the first step in starting assisted living business in a home?

The first step is to generate an idea and make a feasibility study on the idea identified. The first step in starting any business is to do your research on the web or library on your specific idea. You can then locate a local Small Business Development Center in your county or state for business advise. Another resource is to contact SBA or your local chamber of commerce.


Creating a Business Plan for Your Small Business?

Before your start a small business, there are important steps that must be taken to ensure your business' profitability. The first step in starting a small business is to create a business plan. This plan will outline the goals of the business, the start up capital and profit margins. The business plan will also discuss the day to day operations of your business and how it will be run in your absence. This plan is imperative if you will be seeking a commercial small business loan from a bank or if you will be leasing commercial space. Your business plan is not etched in stone and can be altered as the business' needs changed. The business plan is the first and most important step in starting a small business.


What is the first step in starting a business in New Jersey?

The first step in starting a business ANYWHERE is to have a vision of what the business is, how it works, who are the suppliers and customers, how the products or services will be provided, who are the competitors and how you will distinguish yourself from similar offerings in the marketplace.


What is the first step to opening a large indoor playground and party business?

The first step to starting your business is getting your business license. Once you have your business license you should find the best location for your business.


How do I start a small company?

If you go to sba.gov, they will show you step by step ways to starting a successful small business. All the questions and concerns you may have can be found there.


What is the first step to starting your own home business?

The first step to starting your own home business is to set aside an area in your home or apartment, dedicated to your work. This will help keep you focused and attentive to your work, and will produce an optimum result.


Information on starting a small business.?

When you are looking into starting your own business a great place to start is your local Chamber of Commerce. They will be able to give you specifics for your area as well as resources to help you with finances and a business plan. I have also found that the Small Business Administrations to be a valuable tool because of the easy to follow step by step instructions and great links. http://www.sba.gov/content/follow-these-steps-starting-business


What are the steps to set up a business?

The steps to starting a small business are simpler than you might think. The first step is coming up with your idea and getting a business plan together. If you can get this far, you're farther than most people starting up a business initially. Do all of this before taking out loans or rental property.


What is the first step in opening your own business?

What is the first step to opening my business..


What is the first step in business planning?

Data Collection is always the first step in business planning.