How to Become a Small Business Owner (Checklist)
Conduct Market Research and Competitive Analysis
Before you start a business, conducting market research and competitive analysis will help you better understand what you’re getting yourself into. Find resources to help you get started:
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Form a Business Plan
Your business plan will be the foundation of your business. Learn how to write a plan that fits your needs:
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Calculate Your Costs
It’s important to calculate your business costs early in the process. Learn how to do the math here:
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Locate Business Funding
Every business needs capital to get up and running. What types of funding are right for you?
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Determine Business Structure
Your business structure has a huge impact on all of your business decisions moving forward. Figure out what type of structure best fits you:
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Secure Business Name, Registration and Tax ID Numbers
This is the point in the process where you can finally bring your business into the light. Find out everything you need to do to make yourself official:
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Apply for Licenses and Permits and Complete Inspections
The permits and licensing your business requires differs for everyone. If you plan to open to the public, a facility inspection may also be required by the city or county. Find more information about next steps here:
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Business Employer Requirements
Hiring employees comes with certain federal and state requirements. Learn more about your responsibilities as an employer:
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Learn About Business Incentives and Assistance
There are a variety of programs with a mission of helping your business grow and prosper. Discover what resources are available to you:
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Find Your Business HQ
Begin searching for available commercial properties in and around Georgetown.
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