by Emma Grace Brown https://emmagracebrown.com/
From Business Idea to Start-Up
From Business Idea To Start-up. Early businesses started as ideas that prospered into modern-day innovations, a process that took years of trial and error. It’s your turn and while you may feel that your age is a disadvantage, you actually have advantages that will help your ideas flourish. You need to take action to ensure they don’t lose momentum, which can derail your success.
Reasons to Enroll in an MBA
Advanced degrees can help open doors to professional success. Register for an MBA program online, and you’ll have enough flexibility to balance coursework, family, and career. Additionally, you can hone new skills in information technology, accounting, marketing, strategic planning, and research and statistics. You can find a major you like, as some colleges offer up to 19 MBA majors.
Master Networking
Include networking as part of your toolkit. Look for old friends and schoolmates in and around Atlanta by typing the name, school, and graduation date into a search engine. You’ll receive fast results and possible contact options. Additionally, blogging and social media are low-cost methods of establishing your brand and growing your customer base. If you’re uncomfortable with public speaking, consider learning to make small talk with one person at a time. Your potential clients are people who may need your help; networking is the art of establishing relationships.
Printing and distributing business cards or postcards about your services also helps spread your brand. Not everyone markets their business the same way. Completing a search for marketing strategies based on personality is also useful.
Steps for Legalizing Your Business
Some business-related tasks are tedious yet necessary. Selecting a business name and structure, registering for an EIN, and obtaining the needed permits are ways to protect your idea and business. For example, establishing your business as an LLC provides tax benefits and flexibility with less paperwork. Your personal assets are also protected in case of business liabilities. Performing a name check before registering helps prevent confusion between your business and another enterprise, but you may have to pay state-specific fees. Keeping records of every receipt and expense helps ensure your taxes are filed correctly.
Choose an Accelerator Program
Another option to boost your business is to invest in an accelerator program that provides mentorship and exposure to investors. Some programs require equity in your business before they provide benefits. Thousands of entrepreneurs apply to these programs, so it’s best to research the right fit before you apply.
Options for Funding
Raising enough capital could be necessary, depending on your business needs, but you do have options. People normally access funds from their savings accounts and credit cards as their first choice, and they may apply for bank loans. Reaching out to friends and family is another option, and many small business owners use crowdfunding. Venture capitalists and angel investors can provide backing in exchange for a portion of your business’ income and a seat on the board of directors. Check your options carefully for advantages and disadvantages.
Get Your Business Up and Running
You can become a young business owner through planning and consistent action. Become a certified Microsoft Trainer by visiting Fourth Dimension Technologies.