Step 1: Research and Plan Your Business - A business plan is the blueprint you will follow to develop your idea into a successful business venture. A business plan allows you to think through your business concept and determine if it is really a good opportunity.
Step 2: Get Business Assistance and Training
Step 3: Choose a Business Location - Decide on a location for your business. Will you work out of your home or will you need to purchase or lease a facility? What type of space will you need? (i.e. lab space, office space, warehouse, retail). What is the best location?
Step 4: Finance Your Business - Federal, state and local governments offer a wide range of financing programs to help small business start and grow their operations. These programs include low-interest loans, venture capital, and scientific and economic development grants.
SBA Loan Program
Step 5: Determine the Legal Structure of Your Business - When beginning a business, you must decide what form of business entity to establish.
Step 6: Choose and Register a Business Name (DBA)
Step 7: Get Tax ID Numbers
Step 8: Register for State and Local Taxes
Step 9: Obtain Business Licenses and Permits
Step 10: Employer Responsibilities - There are several legal steps you need to take to hire employees.