Are you planning to throw your hat in the entrepreneurship ring?
Good move, but starting a business requires numerous steps. From knowing what you want your business to be about to finally preparing for launch day, the process that goes on in between can be challenging to newbies.
Are you curious about how to launch a business but don’t know where to start?
No need to panic – we’ve got you covered! In this simple guide, we’ve highlighted a handful of business tips to help you.
Launching a business can be stressful. That’s why we’re here to help. Keep reading for the ABCs of how to start a business.
Plan for Pre-Launch
Putting a plan in place before you launch your business is crucial, says Bruce Bachenheimer, professor of management and director of the Entrepreneurship Lab at Pace University in New York City.
Although having a generic business plan is valuable, you should be on the lookout for anything you can carefully construct alongside that initial plan.
Bachenheimer recommends three planning strategies:
- The Apprentice Model, which involves gaining direct experience in the business world
- The Hired-Gun Approach, which involves partnering with experts who are highly regarded and knowledgeable
- The Ultra-Lean School of Hard Knocks Tactic, which involves developing ways to test and refine your business models in a cost-effective way
Implementing any of these methods will ensure that your pre-launch planning is of the highest quality.
Launching a Business: Law Style
In addition to these planning methods suggested by Bachenheimer, you can always contact a business formation lawyer.
Sounds strange, we know, because lawyers typically fight for justice.
Don’t let that stop you. Business formation lawyers are dedicated to helping you pave the path for your business to thrive during the pre-launch, launch, and post-launch phases.
Furthermore, business formation lawyers:
- Draft essential business launch documents
- Help you understand what types of tax forms you’ll need
- Provide assistance in securing a variety of necessary permits and licenses for the launch of your business
- Give advice about purchasing business insurance
- Guide you in applying for an Employer Identification Number (EIN) if you need one
Reaching out to a business formation lawyer is totally worth it if you’re looking for additional assistance in launching a business.
Establish an Online Environment
4,500 participants in a Digital Commerce 360 study were surveyed about their social media usage during the COVID-19 global pandemic. 74 percent of participants agreed that their social media consumption increased as a result of living through COVID-19.
While we’re still battling the parameters and guidelines among the COVID-19 pandemic, social media usage has just skyrocketed. That’s why you should take advantage of these numbers.
Establishing an online environment for your business is sure to get you the attention you desire. Even if you take this step during the pre-launch phase, people will be drawn to you!
Here’s to a Successful Business Launch!
We know that even more is required in launching a business, but with these essential steps, you’re on the right track.
When you plan for pre-launch, consider contacting a business formation lawyer, and establish a place for your business to thrive online, you’re taking all of the steps required for a successful business launch.
Cheers to you!
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