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6 Replies Last post: Apr 7, 2009 5:03 PM by Volman30

I need advice on how to START my business.

Jan 13, 2009 2:08 AM

Click to view linguist's profile Start-up linguist 2 posts since
Jan 13, 2009
Hello everyone!

First of all, I am completely new to all of this. I have never considered turning one of my favorite hobbies into a business until now. The idea was suggested to me recently and 2009 sounds like a good year to make things happen!

I went to school for graphic arts and media. Although I do not currently work in this field, I would like to start a business in it. For the last several years, I have designed DVD slide shows for friends and family free of charge. I have also done slide shows for schools, non-profit organizations, anniversaries and events. In addition I do photo editing and graphic/website design. I have offered these services for free to the public for promotional purposes. Now I would like to start a business in creating DVD slide shows and photo montages. I know these types of businesses also like to offer miscellaneous services such as logo designing, VHS to DVD conversion, and DVD duplication. My business will offer those services as well, but the main focus would be DVD slide shows. I have the tools, the talent, and some money -- now I just need to get started!

But where and how do I start?

I have decided that for now, the best thing to do is work out of my home. I have all the essential software and equipment already. I will set up a website for demos/examples, pricing and packages, services, ordering, etc.

My main concern are the technicalities. Does this business need to be licensed and how do I go about doing that? Do I need to have a personal license to do business and how do I get that? And what about insurance . . . what sort of coverage do I need? Does the business I plan to set up require it? Do I need to be registered with some kind of organization?

Any answers (as well as other professional advice) to my questions would be greatly appreciated. Thank you in advance!
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,938 posts since
Aug 6, 2007
1. Re: I need advice on how to START my business. Jan 13, 2009 7:24 AM
Advice on how to START my business, Welcome

The best advice that I can give you is to CONTACT SCORE. SCORE is FREE both in person and online.
SCORE can help you solve your problems.

Help me by going to Members page and sharing some info.

Thanks, LUCKIEST
Click to view Tori's profile Host Tori 79 posts since
Aug 15, 2008
2. Re: I need advice on how to START my business. Jan 13, 2009 10:24 AM
Hi linquist and welcome to the Community!

The SBOC is hosting a live event on Jan 27th on how to start your home-based business. Pose your questions to Barbara Weltman. She is a seasoned veteran on the subject and can give some very valuable advice all for free!

http://smallbusinessonlinecommunity.bankofamerica.com/community/events

~Tori
Click to view TBYTE12's profile Authority TBYTE12 13 posts since
Sep 24, 2008
3. Re: I need advice on how to START my business. Jan 13, 2009 11:02 AM

Resources for Entrepreneurs

U.S. Small Business Administration: www.sba.gov

The
U.S. Small Business Administration (SBA) was created in 1953 as an
independent agency of the federal government to aid, counsel, assist
and protect the interests of small business concerns, to preserve free
competitive enterprise and to maintain and strengthen the overall
economy of our nation. The SBA helps Americans start, build and grow
businesses. Through an extensive network of field offices and
partnerships with public and private organizations, SBA delivers its
services to people throughout the United States, Puerto Rico, the U. S.
Virgin Islands, and Guam.

Special section on home-based businesses: http://www.sba.gov/advo/research/rs235tot.pdf

Free online self-paced courses

SBDC: Small Business Development Centers located throughout the U.S. offering free counseling and seminars: http://www.sba.gov/sbdc/

Other Resources:

Count-Me-In: www.count-me-in.org

Count
Me In champions the cause for women's economic independence by
providing access to business loans, consultation and education. The
first online microlender, Count Me In uses a unique women-friendly
credit scoring system to make loans of $500 to $10,000 available to
women across the United States who have nowhere to turn for that
all-important first business loan. The organization provides access to
networks that expand contacts, markets, skills, and confidence.

Entrepreneur: www.entrepreneur.com

Entrepreneur.com
offers more than 200,000 pages of how-to content. From aspiring
business owners all the way to high-profile decision-makers,
Entrepreneur.com delves beyond the magazine with expert columnists,
listings, tools and services exclusively designed to deliver the
catalysts to start, run, or grow a business.

Inc.com: www.inc.com/resources/startup

Inc.com,
the website for Inc. magazine, delivers advice, tools, and services, to
help business owners and CEOs start, run, and grow their businesses
more successfully. You'll find information and advice covering
virtually every business and management task, including marketing,
sales, finding capital, managing people, and much, much more.

My Own Business: www.myownbusiness.com

The
My Own Business coursework was designed to help owners of small and
medium sized businesses identify, understand, and overcome the
challenges they will face on a daily basis. Individual topics cover
everything from business plans to marketing plans, licensing to
financing, e-commerce to franchise opportunities.

National Consortium of Entrepreneurs: www.nationalconsortium.org

Under
the sponsorship of the Kauffman Foundation, NASDAQ, and Beacon Venture
Capital, the National Consortium of Entrepreneurship Centers has been
established for the purpose of continued collaboration among the
centers. It is the vehicle by which the top established
entrepreneurship centers, as well as the new emerging centers, can work
together to share information, develop special projects, and assist
each other in advancing and improving their centers' impact.

Small Business Television: SBTV.com

The home of small business solutions on the web, SBTV.com
is the first television network on the web devoted exclusively to
providing engaging streaming video content to the 25 million small
businesses in the US. SBTV is committed to helping small business
owners manage, grow and protect their ventures .

Startup Nation: www.startupnation.com

StartupNation
is the destination where you can learn the important nuts and bolts of
business, such as how to patent your idea, build a business plan, or
increase sales. While you're seeking that helpful information to build
your business, StartupNation is also a resource for you to learn from
peers. StartupNation includes resources such as its “10 Steps to Open
for Business” online tutorial, as well as via the weekly StartupNation
e-newsletter and online seminars.

Wall Street Journal- Start Up Journal: www.startupjournal.com

Starting
your own business or buying a franchise is tough, even in a strong
economy. You'll have to research the market, secure financing, open a
shop, hire employees, and run the enterprise. StartupJournal can help.
Content comes from The Wall Street Journal, as well as WSJ.com,
industry experts and StartupJournal's editorial team.

Click to view linguist's profile Start-up linguist 2 posts since
Jan 13, 2009
4. Re: I need advice on how to START my business. Jan 13, 2009 2:51 PM
Thanks everyone for the helpful tips and links! Without your replies, I would still be at square 1!
Click to view knkvisser's profile Start-up knkvisser 1 posts since
Feb 10, 2009
5. Re: I need advice on how to START my business. Feb 10, 2009 11:34 AM
I have been thinking of doing the same...
could you email me when you have a minute??
knkvisser@charter.net

thanks!!!
Click to view Volman30's profile Start-up Volman30 2 posts since
Apr 7, 2009
6. Re: I need advice on how to START my business. Apr 7, 2009 5:03 PM
in response to: linguist
Start-up Nation is defintiely a great site, along with SCORE and ASBDC. I just happened to run across another good one I didn't see listed above - www.mybizcounts.com

You may want to check it out as well - especially the 9 one-hour recorded webinar series they have that takes you all the way from the basics of setting up your business from a financial perspective, on up through automating your accounting. There's also some cool templates and articles about financing and writing a business plan that I am using now to get mine rolling. Best of luck!!!