Now that the
work paradigm has changed, this is a great time to start a business. In the
USA, all businesses starts with the paperwork. Here is a blueprint that will
get you going in the right direction. Who knows, this venture could become a
large corporation or serve a specified role. The foundation here will prevent
future mishaps and are essential for a solid foundation in your business
journey.
1. Decide what product or service is
needed for a particular niche? Ever wonder why Asians own 90% of the Black hair
care industry? This group was savvy enough to listen and watch Black people’s
wants and needs.
2. Decide on a name that will appeal to
your audience. Take your time in making that decision.
3. Go to Register.com to find out if the
name you chose for your brand is available for your domain name. If it is not
available consider a different name. Remember, we are still in the planning
stage.
4. Buy your domain name. Any domain
company is fine plus you can later transfer the name if you are not comfortable
with the features that company is offering.
5. Create a Gmail and Yahoo account that
reflects the chosen name. Why two different email platforms? Use this Gmail
account for all your social media accounts and the yahoo one for conversations.
6. Create a professional email account.
What is that? It is the email with info. For example, info@NewIdea.com.
7. Create social media platforms for
this name. i.e. Facebook, Twitter, Instagram, You Tube.
8. Apply for an EIN number. Visit www.IRS.gov
EIN numbers are free. Yes, you can use your social security number but
it is best to keep personal and professional matters separate.
9. Establish a business checking account
using the EIN number instead of using your social security number.
10.Create an LLC. This form is located
on your State Government’s website. The price varies from state to state.
11.Go to Fiverr or any free-lance site
and have them create a logo for you. Ask them for a media kit that includes
vector and social media sizes. This way, you are consistent and avoids image
confusion for the public.
12. Trademark name and logo, if this is
a long term business idea. This will protect you from poachers.
