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2018Starting a Small Business THE FIRST STEPS Reference Guide pg. 1CONTENTS Introduction ...................................................................................................................................................................

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How to fill out starting a small business

01

Research and identify a viable business idea

02

Create a comprehensive business plan

03

Secure funding for your business

04

Legally register your business

05

Obtain necessary licenses and permits

06

Set up a physical or virtual location for your business

07

Hire and train employees

08

Market your products or services

09

Manage your finances and track expenses

10

Continuously evaluate and adapt your business strategy

Who needs starting a small business?

01

Entrepreneurs who have identified a profitable business opportunity

02

Individuals who want to have more control over their professional lives

03

People who are passionate about a specific product or service and want to turn it into a business

04

Individuals who want to build wealth and generate income through their own business

05

Those who believe they have a unique solution to a common problem and want to bring it to market

06

Anyone who wants to pursue their own ideas, take risks, and enjoy the rewards of business ownership

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What is starting a small business?

Starting a small business involves creating a new company or venture with the intention of making a profit.

Who is required to file starting a small business?

Anyone who is starting a small business and wants to operate it legally must file the necessary paperwork.

How to fill out starting a small business?

To fill out the paperwork for starting a small business, you will need to provide information about the business name, structure, location, and other details.

What is the purpose of starting a small business?

The purpose of starting a small business is to provide goods or services to customers in exchange for payment and to generate profit for the business owner.

What information must be reported on starting a small business?

Information that must be reported when starting a small business includes business name, address, owner's information, type of business structure, and other relevant details.

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