6 Steps to Making Your Small Business Dream a Reality: Part 2 (Tips #3-6)

entrepreneurs starting a business

If you frequent our blog, you may have seen Part One of our blog series about the steps entrepreneurs can take to start their own business. Here are four more ways to keep your plan on track and avoid become overwhelmed.

Step #4: Communication and marketing are key

Entrepreneurs should begin considering their marketing options before actually launching their business. For starters, online marketing is essential nowadays because of the high usage of internet and mobile search as well as the continued growth of social media use.

Luckily, social media marketing is relatively inexpensive – especially if your business can get by with simply creating profiles on Facebook, Google+, Twitter and LinkedIn. For full effectiveness, ensure that all of your profiles match one another and take the time to update them frequently.

As for your other means of communication (flyers, business cards, letterheads, etc.), make sure they use the same brand colors and have the same professional appearance.

Step #5: Plan your financials

Before your launch, make sure you have certain financial tools in place—tax, accounting and bookkeeping records. This also includes deciding whether your business will operate as a limited liability company, an S Corporation or other type of business.

Additionally, it’s a good idea to hire an accountant to make sure your business taxes are properly filed.

Step #6: Compile a list of regular tasks

Just like your family’s chore list, there will be regular tasks that you as a business owner will need to perform. These types of tasks include updating your website, upload blogging content, doing payroll, making social media posts and various inventory tasks.

By creating a list, preferably via an electronic method, you can be reminded of when certain tasks need to be performed.

Bonus Tip: Plan for the future

If you want to go above and beyond the call of duty, consider planning for the future right now.

Set future goals to advance your business once it’s operating successfully. To do this, take stock of your investors, competition and employees to help you brainstorm new goals.

Running a business can be stressful. That’s probably the biggest understatement you’ve read in awhile…

At MaxFilings, we understand and we have the resources to help managing a small business a bit easier. If you’re on the fence about building a business for yourself, check out our article: Do You Have What It Takes To Start A Business?

Thanks for tuning in!

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