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Mridul Das
Introvert! • 5d
Thinking of starting your own business? Here's a realistic, step-by-step guide to help you make that dream a reality! (1/9) STEP 1: Write a Business Plan It’s your biz blueprint. Don’t skip it. Define your mission Know your market Break down your finances Hot tip: Investors love a solid plan! (2/9) STEP 2: Find a Mentor & Consultant Because you don’t have to figure everything out alone! Find someone who’s been there, done that Ask the tough questions Accept honest feedback (3/9) STEP 3: Choose a Business Location It matters more than you think! Foot traffic? Yes please. Competition? Scope it out. Online business? Still gotta “locate” digitally! (4/9) STEP 4: Finance & Legal Structure Got 5-10 lakhs? That’s the average startup cost for a start! Explore funding: savings, loans, investors Choose wisely: LLC, sole prop, corp? (5/9) STEP 5: Register That Name! Almost ¾ of small businesses are solo-owned! Make sure your name is unique Check trademarks Lock your domain name too! (6/9) STEP 6: Get Your Tax ID + Register for Taxes Apply for an EIN Register with your state tax authority Yes, taxes are boring but very necessary (7/9) STEP 7: Get Business Licenses & Permits Don’t open shop without ‘em! Local, state, and federal licenses Know your industry rules (8/9) Fun fact: 65% of new jobs in the U.S. are created by small biz. 43% of Americans work for one. YOU could be part of that impact! (9/9) Last but not least… Build your dream team! Your people = your power. Hire smart, delegate, and grow with heart. You got this! -Created by Mridul Das:)
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