Set Up and Develop Your Own Business

One step at a time.

First: Market Research

The first step is to choose your market, based on what you can contribute and where there is a need.

A great place to start is Dan Kennedy's classic book, Make Millions From Your Ideas.

Once you have found an existing market, you can ask some of your ideal prospects what they want. And then give it to them.

Second: Set Up Your Entity

You can start up under your own name, but this is not recommended. If you are serious about getting your business going, you will want a corporation or a limited liability company. The limited liability company, or "LLC", is most popular these days.

When you set up your LLC, the paperwork varies slightly from state to state. You are usually better off filing your papers in the state you are phsically located in . For example, if you want to start up a business in Nevada, you will want to look at Setting Up an LLC in Nevada. If you are in Florida, you will want to look at Setting Up an LLC in Florida.

Third: Keep It Organized

For your money, Quicken is the cheapest and easiest, but you will want to use QuickBooks Pro as soon as possible, preferably from the beginning.