Starting a small business can be a daunting and exciting task, but it can also be very rewarding. Here are some action steps to help you get started:
Identify a business idea that you are passionate about and that has potential for success.
- What services are needed in your area?
- What is your passion or experience that you can leverage?
Conduct market research to determine if there is a demand for your product or service.
- What services are needed in your area?
- How many competitors are successful in your market area?
Write a business plan that outlines your goals, strategies, and financial projections.
- How much money will you need to start your business?
- What time frame is required to get your business up and going?
Choose a business structure that suits your needs (sole proprietorship, partnership, LLC, corporation).
- Do you have an advisor or attorney to help you start your business?
- What tax consideration should you consider in establishing the structure of your business?
Get organized.
- Do you need the required federal tax ID number, license, or permit?
- How will you organize your finances?
Open a business bank account and keep your personal and business finances separate.
- Do you have a current banking relationship?
- Will you need a business loan?
Plan to market your business and attract potential customers.
- Will you have a website?
- Can you use social media?
Remember that starting a small business takes time, effort, and dedication. Don’t be afraid to seek advice from experts or other entrepreneurs who have been successful in starting their own businesses. Commercial cleaning businesses are typically a very low cost to start and provide a much-needed service to a wide array of businesses.
A proven business model commercial cleaning franchise business, like Executive Image Building Services, can take the guess work out of the start up of a new business.
By Ray Jackson
