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How To Start Your Own Business

How Halo Technologies Was Started

1.Think of a business idea and the main focus or purpose

2.Create a business plan (Though there are multiple ways of doing this, I suggest a short term and long term plan, breaking down to monthly goals for 3 to 5 years)

3.While working on your business plan, read up on industry news and keep your business knowledge constantly growing (John Maxwell is a great leadership author)

4.Choose what type of business structure you want to follow. Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative. (Use this website to assist in this and other areas http://www.sba.gov/)

5.Choose a name and set up addresses, emails, etc. (Keep cost low! Free is okay for startup)

6.Register your business and all respective aspects (This process varies state to state. Check with local government regulations and processes.)

7.Once you are an actual company on paper, you can obtain permits and such

8.Don’t be afraid to do work yourself, but know that it is okay to have others help or work for you. Be sure to keep proper documentation of responsibilities, confidentiality agreement papers, etc. as you grow.

9.Promote your company both locally and globally. (Social media is a great resource for small startup. Don’t under estimate your friends or family and local institutions such as schools.)

10. Always reevaluate what your goals were, what you have achieved and what your new future goals may be. Don’t be afraid to alter or adjust according to current trends, financial standings, technology shifts or anything else, but never compromise or give up. (Move forward purposefully or fall forward accidentally, but never stay in the same place or go back to where you have been. Explore and create!)

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