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Tips to Grow Your Business

Five Tips to Grow Your Small Business

 

5 Simple Steps To Get Your Business Off The Ground:
 

1) Decide what Kind of Business You Want and Do Some Research. Before you do anything else, ask yourself some questions. What are you passionate about? Do you like to work alone or with a team? What are your strengths and weaknesses? Then, take these answers and do some research about your desired field. Keep in mind what you love to do, and what you're good at. Starting a business takes a lot of time and you will definitely want to be spending that time working on something you enjoy.

 

2) Create a Long-Term Business Plan. Next, come up with a written business plan that takes in to  account the questions you have asked yourself. If you work better with a team, plan for employees or partners. If you aren't very good with accounting, think about easy ways to keep your financials in order. In your business plan, focus on where you want your business to be in 5 or 10 years, then work backwards to this start-up phase. Your long-term goals might dictate your current plans, and having a path set out for you will save you time and energy down the road.

 

3) Find Financing. The next step is financing your goals. There are many ways to get the money for your business, including friends and family, personal credit, and loans. Be sure to also look for partners/investors and associations that are looking to invest in people like you! This is also a good time to be thinking about building business credit. Business credit will allow you to take out loans in the name of your business, and these types of loans can have higher amounts and lower interest rates than personal loans.

 

4) Use an Online Filing Company to Make your Business Official. Creating a legal business entity early on in the start-up process is important to protect your personal assets from liability. Online filing services will create your business for you and save you lots of money in the beginning when it really counts. Lawyers can cost around $200 an hour but online filing services will typically charge less for filing your entire business, a process that could take a lawyer more than 4 hours. Using an online filing service guides you through the filing process and helps ensure you do it right the first time.

 

5) Protect your Business with Trademarks. After you've worked to bring your business idea to life, protecting it becomes important. Companies with similar names or offering similar products can steal customers away or negatively impact your reputation. Registering your business name and product protects against this scenario and allows you to be a unique company, saving you from consumer confusion.

Customer HighlightLilyB
 

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Lily.B products work together to help improve the skin's quality including tone, texture, clarity, and softness while protecting it from the harmful effects of environmental exposure....to sun, stress, pollution. Protecting your skin is the best defense against the early signs of aging.

 

Lily.B Skincare is skin friendly, meaning they do not use any skin irritating ingredients such as parabens. glycols, sulfates, fragrance or dye. Their skin care products are formulated with natural preservatives, are dermatologist tested but are never tested on animals. 

 

Lily.B has been featured extensively in magazines and is worn by celebrities throughout the country.  They also offer a special skin care tip blog so that you can learn more.

 

 Click here to learn more about our featured customer. 

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February 2011
Win a Business in a Box from MyCorporation!
 
Click the image below to learn more.
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Network Solutions
& MyCorporation
team up to offer you
 "Business in a Box"!
We can help you get everything you need to get your business started and running smoothly in one simple place -
Business in a Box!
 Biz in Box
Questions?: Call our friendly & helpful team at 888-MyCorp-8. 

 

For a limited time...
Get your
Business Cards for Free from MyCorporation!
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As a valued MyCorporation customer, we want to thank you and offer you, in connection with our partners at VistaPrint, free business cards. 
MyCorporation is there to help you get your business started, and to help you continue to grow your business.  
Click here to redeem these special offers for MyCorporation customers!
 
Please reach out to us with any business filing questions you may have.  We're here to help and happy to provide you with unsurpassed customer service.

 Deborah Sweeney, CEO
MyCorporation Business Services, Inc

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