National Honor Society members, submit your project information More Info
Steps for starting a business:
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Research the market: Understand the demand for your business in your area and identify your target customer.
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Develop a business plan: Outline your business goals, strategies, and projected financials. This will help you secure funding and stay on track.
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Obtain necessary licenses and permits: In New York State, you will need to register your business with the Department of State and obtain any necessary licenses and permits for your specific type of business.
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Register for taxes: Register your business for state and federal taxes, including sales tax.
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Open a business bank account: Separate your personal and business finances for easy bookkeeping and to maintain a professional image.
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Obtain insurance: Consider liability and worker’s compensation insurance to protect your business and employees.
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Hire employees: If you decide to hire employees, you will need to obtain an Employer Identification Number (EIN) and comply with all state and federal labor laws.
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Marketing and Promotion: Develop a marketing plan and start promoting your business to attract customers.
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Networking: Attend local business events and network with other business owners in your area.
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Keep accurate records: Keep accurate records of all business transactions for tax and accounting purposes.