YES! With help of course. In my previous post I wrote about “Why start your own business?” You will have a lot of work ahead when you decide to start your own business, but it is manageable. Make yourself a to-do list.
At the top of the list, or really before the list, you should ask yourself if your current job would prevent you from starting your own business. That will be very crucial in having the rest of your to-do list work well. Some companies have their employees sign non-compete agreements, or other various agreements. Until you quit your job you should remember to keep your job first and your new business on the side. If you think your employer will be helpful or even understanding in your new venture, tell them about it. Most importantly, start your new business on your time and with your own equipment, not your company’s time or equipment.
For the rest of your to-do list, I will elaborate further in future blog posts, but for now here is the skeleton to-do list.
- Find a trusted advisor and lawyer to help you with your new venture.
- Determine how you will organize your business.
- Look into any laws and regulations regarding your new business.
- Determine how to protect your intellectual property.
- Write a business plan.
- Determine how you will do your accounting.
- Determine if you need insurance and how much.
- Determine if you will become an employer.
- Look at the local, state and federal tax requirements.
- Open your doors!
So when you ask yourself again, can you start your own business, the answer is YES!
Contact me today to begin your business planning conversation.
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