By Marco Carbajo
Did you know more than 52% of all small businesses in the U.S. are home based?
According to the Small Business Administration, there are more than 28 million small businesses in the United States, making up 99.7 percent of all U.S. businesses.
If you are considering or are in the process of starting a business from home, it’s an exciting and important undertaking. And as with any venture, it’s crucial to take the right steps to set yourself up for success.
Part of making sure you follow the necessary steps when starting a business from home can set the foundation needed to be successful. Here are five key financial tips to follow when starting a business from home. Continue reading
Here are some tools that will make things a little easier.
The Veteran Entrepreneur Portal (VEP) is designed to save you time! BusinessUSA makes it easier for small businesses to access Federal services, regardless of its source. VA OSDBU quickly connects Veteran entrepreneurs to relevant ‘best-practices’ and information. Collectively, VEP offers direct access to the resources necessary to guide every step of entrepreneurship.
Start a Business
This interactive tool connects you to the right resources specific to your small business objective. Navigate through relevant topics to access information on starting a business.
Learn how to start a business »
Use this customized wizard to identify financing resources to support the start-up, development, or growth of your small business.
Learn about financial resources »
Grow Your Business
Find out how to successfully expand your small business. Explore dedicated subjects with valuable information and resources to help you grow your company.
Learn how to grow your business »
Become familiar with Federal government contracting programs. Answer a few quick questions in this wizard to find Federal opportunities that align with your small business.
Find Federal government contracting programs » Continue reading
Free Workbook and Online Workshop Series
Make a smart start on your business idea with the Simple Steps for Starting Your Business series by SCORE mentors, sponsored by Canon, U.S.A.
Watch the online workshop modules and download the free guide to get practical information and exercises that will help you determine whether starting a small business is right for you.
Take the Online Course
Download the Guide (here)
Kitsap County does not require business licenses but the cities of Port Orchard, Poulsbo, Bainbridge Island and Bremerton each have business license requirements.
NOTE: Businesses NOT physically located in the city, but still doing work there, are required to obtain a license for the city. Business should check to make sure their use is compliant with land use and zoning.
All business must apply for a Master Business License from the Washington State Department of Licensing, which registers the business with the state departments of Revenue, Licensing, Labor and Industries, Employment Security, Secretary of State, and the Washington State Department of Commerce.
A new corporation locating in the State of Washington must file for Articles of Incorporation with the Secretary of State‘s office, which will issue a UBI (Unified Business Identifier) number.
Here’s an infographic answer from Intuit…
Need financing to start or grow your business? If you’re starting a business that requires significant financial investment up front, finding a source of funding can be a challenge. Many start-ups and new small businesses often find they may not qualify for a traditional small business bank loan. Without a proven track record of 3-5 years under your belt and/or established business credit, many banks simply won’t take the risk. But before you risk your life savings or re-mortgage your home, you should know about some possible alternatives. Continue reading
Do you dream of being your own boss?
If you want to start a business, but aren’t quite ready to give up your job and its accompanying security, salary and benefits, don’t worry; you don’t have to.
Working full time doesn’t have to mean giving up on your entrepreneurial dreams.
In fact, starting a business while working full time is a great way to test the waters of entrepreneurship and gradually grow your startup into a full-time business.
[ Download Workbook ]
Part 1: Get Ready
- STEP 1: Select a Business
- STEP 2: Write Your Business Plan
- STEP 3: Goal Setting and Planning
- STEP 4: Choose Your Marketing Methods
- STEP 5: Figure Out Your Finances
Part 2: Get Set
- STEP 6: Know the Rules 10
- STEP 7: Set Up Your First Office
- STEP 8: Business Licenses, Taxes and Insurance
- STEP 9: Invest in Your Image
- STEP 10: Find Your First Customers
- STEP 11: Manage Your Money
- STEP 12: Manage Your Time
- STEP 13: Manage Your Energy Level
- STEP 14: Create Work/Life Balance
- STEP 15: Work Your Business Network
Part 3: Start
Authored for SCORE by The UPS Store
With more than 4,300 locations, The UPS Store comprises the nation’s largest franchise system of retail shipping, postal, printing and business service centers. Because each location is run by a small business owner, they understand the challenges and rewards of running your own business. In addition to packing and shipping services, your locally owned The UPS Store offers professional printing services, mailboxes with a real street address, notary, direct mail services, and more.