How To start a business
1. Write a business plan
A business plan is a document that outlines the goals and objectives of your business, as well as the strategies you will use to reach those goals. It should also include a financial plan and a marketing plan.
2. Secure financing
Depending on the type of business you are starting, you may need to secure financing. This could include a loan, an investment from a venture capitalist, or even crowdfunding.
3. Choose a business structure
You will need to decide on the type of business structure you want to use. This could be a sole proprietorship, a partnership, a limited liability company (LLC), or a corporation.
4. Register your business
You will need to register your business with the state or local government. This will involve filing paperwork and paying any applicable fees.
5. Obtain licenses and permits
Depending on the type of business you are starting, you may need to obtain licenses and permits from the state or local government.
6. Open a business bank account
You will need to open a business bank account to keep your business finances separate from your personal finances.
7. Set up accounting
You will need to set up an accounting system to track your income and expenses. This could be done manually or with accounting software.
8. Market your business
You will need to create a marketing plan to promote your business and attract customers. This could include advertising, public relations, and social media.
Why Franchising Might Be A Better Option
With a start-up, you are starting from nothing as far a revenue is concerned, and you are all alone to build it yourself, no guidance. Everything starts and ends with you, but there are other options.
The option you might want to consider is Franchising. Just like buying a Subway, you can be part of a larger more successful world recognized and proven business. Though you are starting a new business for yourself, you are not by yourself.
Here at ActionCOACH we are looking for individuals who want to become Business Coaching Firm owners. You don’t have to start from scratch because we have over 29 years of systems and processes. We offer a franchise partnership model that allows new partners to start their own firm in their own territory(s).
We have a new membership model that is working really great now. It’s cost effective for businesses owners and it allows new partners to coach groups of businesses at one time. Because of this, it takes about 80 Business members for a coaching firm to generate $1,000,000 in annual revenue. This can happen within your first 12-18 months of business.
This is a firm, so you are not the Technician or a Business Consultant who is solving their issues hands on, you are advising and coaching them to help with long term business growth. Dont worry about experience because we provide you the system, our name, and intellectual property. You leverage ActionCOACH, not yourself. You are in business for yourself but not by yourself.
You can also scale this as wide and far as you want, and even hire coaches and be a passive owner. You can even sell the business just like any other business. To find out more, fill out the form below and one of our Business Development Specialists will be in touch with answers to your questions.
Find Out How To Go Into Business For Yourself But Not By Yourself..
29 year old Small Business Coaching Franchise which gives you the opportunity to operate in Exclusive Territories all over the USA.
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