💼 Want to start your own business but don’t know where to begin? This video breaks it all down with actionable steps and zero fluff. Learn how to build a solid business foundation with no upfront investment!
📋 Here’s What We’ll Cover:
Business Structure
Choose the right setup: LLC, sole proprietorship, or corporation.
Register your business name: Make it official.
Get an EIN: Obtain an Employer Identification Number for taxes.
Financial Essentials
Bank Account: Open a business account using your EIN.
Accounting System: Set up to track finances effectively.
Payment Processor: Use tools like PayPal or Stripe for transactions.
Basic Business Terms You Should Know:
Revenue: Money from sales.
Profit: Income after expenses.
Loss: When expenses exceed revenue.
Cash Flow: The movement of money in and out.
Expenses: Costs for operations.
Income Statement: Tracks revenue and expenses over time.
ROI (Return on Investment): A measure of profitability.
SEO (Search Engine Optimization): Boosts your brand’s online visibility.
KPI (Key Performance Indicator): Tracks goal achievement.
B2B/B2C: Business-to-business vs. business-to-consumer transactions.
Digital Presence
Website: Build a professional site with your own domain.
Email Hosting: Create a business email to look legit.
Social Media: Establish profiles to connect with your audience.
Audience Building
Organic Marketing: The best way to grow—zero cost, high credibility, and valuable market insights.
✨ Ready to launch your dream business? This guide will set you on the right path! Don’t forget to like, comment, and subscribe for more business hacks.
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