While you’re looking into the legal side of things, make sure you don’t need any permits or licensure. Even online businesses can be subject to specific licensing and regulatory practices. It’s also not a bad idea to check and see if your business might qualify for a tax exemption.
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30-Day Business Challenge:Day 8
Today you should make sure your product or service is complete. It’s better to have something that is finished that something perfect; changes will come along the way. Take your product through its functions. Make sure that, when you get to the end, you’re where you want to be. If you’re providing a service, run …
30-Day Business Challenge:Day 7
If you need some help getting your product from concept to tangible, today you should find a local prototype designer such as Beyond Design Inc. in Chicago or Kaleidoscope Innovation Product Design & Development in Cincinnati. Once you have a physical prototype, come back to the challenge and pick up here. If you already have …
30-Day Business Challenge:Day 6
Today you can start setting up the face of your business. Do you have a logo? If not and you have the skills, try creating a few today. Choose a color pallet and a mascot if one is appropriate. Try writing the name of your business in different handwriting, block letters or script, and working …
30-Day Business Challenge:Day 5
Now that you’ve looked into your intellectual property being insured, and what kind of business will work best for you, it wouldn’t be a bad idea to get some insurance for your actual company. This insurance can include but is not limited to, inventory, any physical space you do your work, vehicles used, even self …
30-Day Business Challenge:Day 4
Decide which business format is right for you. Today should focus on research into the different types of business registrations. S and C corporations, Limited Liability Company (LLC), and Limited Company (Ltd) are just a few examples of the different types of business formats that help protect you and your assets if something ever happens …
30-Day Business Challenge:Day 3
You’ll want to protect your ideas for the future. Look into trademarking, copyrighting, patenting, and so forth concerning your intellectual property and don’t forget to look into intellectual property insurance. It may sound silly or like something you don’t need but, if you don’t have that insurance and someone walks off with your idea and …