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While many associate America with some of the more famous companies like Ford, General Motors, Microsoft and Apple, small businesses are just as important to the country’s economy.
Steps To Start A Small Business
In fact, according to the U.S. Small Business Administration about 28 million small businesses nationwide. Together, they account for 54% of US sales.
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Additionally, small businesses account for about 55 percent of jobs and more than 60 percent of new job growth since the 1970s.
Of course, without small businesses and independent shops, the US economy would look very different. Not only local customers can benefit from a nearby local company, but so can the owners.
Starting your own business is easier than you think, but there are still a few important steps you should follow to make sure you succeed in the short and long term.
To get started, ask yourself what your business goals are. Specific questions to ask yourself include:
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It’s always helpful to discuss your business plans with experts, whether it’s your first venture or your fifth.
Through in-depth conversations with other small business owners, you’ll learn the ins and outs of starting and running your own business and what it takes to achieve long-term success.
First, research the possibility of obtaining an SBA small business loan. You can get loans from $5,000 to $5 million.
If an SBA loan doesn’t work, you can also secure financing from friends, family, and investors. You also have to deal with opening a business checking account.
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Without a strong marketing strategy, your products and services will struggle to gain traction. You want to highlight how your business will acquire new customers as you forecast sales.
Maintaining a positive attitude is much more important than you think. Set achievable goals and metrics that will help your small business stay on the path to success.
The information provided in these articles is for informational purposes only. It should not be construed as an opinion of Central Bancompany, Inc. and/or its affiliates and does not imply approval or endorsement of said information, products, services or providers. All information presented is without guarantee, warranty or guarantee as to the accuracy, timeliness or completeness of the information.
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If you had an idea for a really good game, app, or other program a few years ago, the only way to bring it to life was to either know how to code (and pray you knew the right programming language), or be willing to learn on the side. If you had the money, you could hire someone to do it. It is.
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