The American Dream is alive and well in the United States in that anyone with the desire can start their own business with little, or no, starting capital.
There are grants as well as a wide range of information available to U.S. and non-U.S. citizens. All it takes is enough resources, hard work, and know-how and you can be on your way to launching your own successful corporation in the United States.
Estimate your start-up budget and separate the finances you plan to use to create your business from those you use to cover household expenses. It might be wise to take out a business loan from a nearby bank. Taking out a loan requires that you have stable credit. If you do not have stable credit there are many grants and other resources available at the Small Business Bureau website sba.gov.com.
Decide on a field of business and then thoroughly research every aspect of that field. Visit sites like Entrepreneur.com and Business.com to get ideas and information on start-up businesses. Take into account the cost of each particular start-up in relation to your budget. Take into account methods of marketing for each idea.
Construct a business model that accounts for every minute step. Write out in thorough detail all of the obstacles necessary to overcome before you can achieve your ultimate goal of setting up a successful business. Decide on the business structure. Business structure includes deciding on whether or not your business will provide a service, manufacture a product, or maybe deal solely in distribution. Settling on the location of your business is a important business-structure factor, as you can solely do business in the United States but still have your business based and run entirely online. If you choose a business structure that requires a physical location, you must account for property tax.
Get licensed. Federal, state, or local licensing in one form or another is mandatory for almost every plausible type of business you could start. Before spending money on your start-up, research the licensing requirements for your state to ensure you know about any certifications, licenses or permits that might be necessary before you can go into business. For tax and registration purposes, you will have to declare whether your business is a sole proprietorship, partnership, LLC, or corporation. For more information on this you can visit Allbusiness.com.