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May 2011: What's your advice for young entrepreneurs?
by Stephen Morris, Community Moderator
- Created: May 2, 2011, 5:37 pm
- Updated: May 13, 2011, 2:23 pm
Getting started as an entrepreneur can be an exciting, and at times scary, thought for young people. What’s your advice to young entrepreneurs who are thinking about starting their first business? What’s the one thing you wish someone would have told you?
UPDATED: Young entrepreneurs, tell us...
What specific content or features can SBA add to its online community or website to help young entrepreneurs start and manage a small business?
http://www.sba.gov/content/young-entrepreneurs
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Idea Exchange
SBA Community
E. Trent | Window Shopper | 9/13/2012 - 4:06 pm
advice is to stay on top of all industry information. The Entrepreneur Blog
is a great resource, but there are so many unique blogs and magazines to help
you. Subscribe to all of these and read as much as you can!
onecm | Window Shopper | 9/13/2012 - 12:44 am
fadhlyashary | Window Shopper | 8/22/2012 - 3:41 pm
Use these tools and resources to create a business plan. This written guide
will help you map out how you will start and run your business
successfully.
Step 2: Get Business Assistance and Training
Take advantage of free training and counseling services, from preparing a
business plan and securing financing, to expanding or relocating a business.
Step 3: Choose a Business Location
Get advice on how to select a customer-friendly location and comply with
zoning laws.
Step 4: Finance Your Business
Find government backed loans, venture capital and research grants to help you
get started.
Step 5: Determine the Legal Structure of Your Business
Decide which form of ownership is best for you: sole proprietorship,
partnership, Limited Liability Company (LLC), corporation, S corporation,
nonprofit or cooperative.
Step 6: Register a Business Name ("Doing Business As")
Register your business name with your state government.
Step 7: Get a Tax Identification Number
Learn which tax identification number you'll need to obtain from the IRS and
your state revenue agency.
Step 8: Register for State and Local Taxes
Register with your state to obtain a tax identification number, workers'
compensation, unemployment and disability insurance.
Step 9: Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits required for your
business.
Step 10: Understand Employer Responsibilities
Learn the legal steps you need to take to hire employees.
Success is my right!
PDLoans | Window Shopper | 8/21/2012 - 8:58 am
but most of the time there is no demand.. so I would say:
1, Do you research
2, Check the demand
3, Make sure you can compete
4, Know your customers and your prices
5, Don't give up!
Pete Johnston | Window Shopper | 8/13/2012 - 1:18 pm
Something of practical use? Get online!!
reef0059 | Window Shopper | 8/9/2012 - 10:56 am
Your recent post has been moved. Please review our Community Best Practices for more information about how best to participate in our online discussions. Thank you.
crmartell | Window Shopper | 8/1/2012 - 9:29 am
I've made a lot of mistakes on the road to get to where I am today, but those
mistakes led me toward the correct choices. You can't find out what works
without also finding out what doesn't work.
SolaceLaw | Window Shopper | 8/8/2012 - 1:48 am
necessitates risk. I always remind myself of the Mark Twain quote "The
sweetest fruit is usually at the end of the branch.." or something like that.
Failure is 'part' of success..
David Nkolic | Window Shopper | 7/31/2012 - 12:30 am
proper strategy, and work according.It is important to have creative ideas.
Another important advice would be, to have a cordial relationship between an
employee and an employer. To have a trustworthy and friendly relation is the
key to success for any business entrepreneur.
Sagee77 | Window Shopper | 7/26/2012 - 3:16 am
unknown moves in our Ideas. find a way to bypass the habits
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