The Paperwork

 

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.