When beginning a new enterprise, there are various important choices to make and lots of guidelines and procedures that should be addressed. Take note, I’m only speaking about setting your self up to do business: I am not speaking about writing a business plan (though if that’s what you wish to do, here is a comprehensive guide to writing a business plan ), sourcing financing, developing a advertising plan, and many others.
Working a small enterprise is not just about working for yourself or working from residence, it is also about having the necessary management expertise, business expertise, technical expertise, finance and naturally an extended-time period imaginative and prescient to develop and succeed.
In addition, Professor Stice has been concerned in executive training for Ernst & Young, Bank of America Corporation, International Business Machines Corporation, RSM McGladrey, and AngloGold Limited and has taught at INSEAD (in both France and Singapore) and CEIBS (in China).
As of 2011, there have been over 28 million small companies in the US, with more than 22 million of these self-employed with no extra payroll or employees ( via Forbes ). That’s a whole lot of solopreneurs putting out to start a business and make their dreams come true.
If the business will function as a sole proprietorship or a common partnership, an Assumed Name Certificate or d.b.a. (doing enterprise as) for each name (or deviation of that identify) the enterprise will use have to be on file with the county clerk in every county where a business premise shall be maintained.