But starting a business isn't one of those "if you build it, they will come" situations. Funding: Your sources of funding refer to business grants, loans, and personal savings.Įvery budding entrepreneur wants more visitors, more qualified leads, and more revenue.Legal Requirements: Your other legal requirements include business licenses and permits beyond the initial registration.Business Registration: Your registration is a credential with state authorities that allows your business to operate legally.Business Structure: Your structure refers to the type of leadership and ownership your business will operate under.Business Name: Your name is what you’ll call your company on all official documentation and licenses. Business Plan: Your plan is a document that provides in-depth detail about your business and its short- and long-term strategies.
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