Pasar al contenido principal Saltar al pie de página del mapa del sitio

Launching a Small Business? 4 Ways to Prepare

More entrepreneurs are launching small businesses as technology continues to advance and become more affordable, making it possible to leverage the tools favored by large corporations. Learn what you can do before launch to improve your changes for success.
Preparing to launch a small business

Entrepreneurship is becoming a more viable employment solution for Americans. More and more entrepreneurs are launching small businesses as technology continues to advance and become more affordable, and small businesses are finding it's now possible to leverage the same tools large corporations have. From using top-grade communications tools to connecting with foreign clients and suppliers, the current global entrepreneur landscape is incredibly rich.

However, that hardly means that launching a business is simple. As has always been the case, launching a small business is challenging, labor intensive and stressful in many ways. In fact, many new companies fail to survive even a year.

While that's enough to put some people off, the real entrepreneurs are willing to face those odds. They understand that if their first effort does not succeed, they can try again and again to make their dreams come true. While perseverance is key, there are some ways entrepreneurs can prepare themselves before launch to boost their prospects of success.

1. Test the Industry

Many people have an idea of what type of business they would like to open, but it's important to make sure it's are a good fit for the industry before jumping in head first. If entrepreneurs fail to test the waters, they could regret their decision down the road.

It is suggested that prospective business owners take a part-time job in the industry they will launch into before starting their own company. This way, they can determine if their personality is a good match for the sector, and if their skills are tailored to the work they want to do.

Also, it will be a great learning experience. Part-time entrepreneurs will be able to educate themselves about how the sector functions, as well as what types of challenges they may face.

2. Set Attainable Goals

When launching a company, small business leaders can get so excited about the future that they often set aggressive goals that can be difficult to achieve. While it's important to take steps to make the business grow, it's also essential to be realistic.

This way, benchmarks will be easier to meet, and any investors or partners on a project won't be discouraged when overzealous targets aren't met. If investors are put off, it could limit the availability of small business funding.

Be realistic. Don't set aggressive goals that are too difficult to achive.

3. Consider Location

The Internet has undoubtedly become a great channel for small business sales and marketing efforts. While it's true that a great e-commerce site or social media presence can help a company grow, it's important to think about where that business will be headquartered.

According to the Small Business Administration, there are several tax considerations that need to be taken into account before deciding on a location. Each state has different property, sales and income tax rates. In fact, some cities may have higher taxes than others, so checking into municipal small business legal policies should be a top priority.

The source suggested that by moving just across state lines, a company may be able to save a significant amount of money while still being active in the market they want to target.

4. Create a Support Structure

Friends, family, former colleagues and mentors will be some of the most essential resources when a business is first launched. They can help get the word out about a brand, they may be able to offer financial support, and they are simply great sources of moral support.

During the early stages of any new enterprise, there will be times when an owner simply needs to vent or get encouragement from their support system. For this reason, every entrepreneur should have a legion of people they can rely on when times get difficult.


Podemos ayudarlo a abordar desafíos empresariales como estos Contáctenos hoy mismo

* Este contenido es solo para fines educativos, no tiene por objeto proporcionar asesoría jurídica específica y no debe utilizarse en sustitución de la asesoría jurídica de un abogado u otro profesional calificado. Es posible que la información no refleje los cambios más recientes en la legislación, la cual podrá modificarse sin previo aviso y no se garantiza que esté completa, correcta o actualizada.

Recommended for you

Acerca de Paychex

Paychex fue fundada hace más de cuatro décadas para aliviar la complejidad de dirigir un negocio y facilitar la vida de nuestros clientes a fin de que puedan centrarse en lo que más importa.

Ofrecemos lo siguiente: