Starting and Running a Business

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Starting and Running a Business

Despite being an intimidating prospect for most people, there are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not so much. There are many steps to starting and running a business, but many of them can be easily accomplished simply by filling out some forms, and several small fees.

Businesses have been around since the beginning of bartering, an apple for some wheat, a horse for a wife, a daughter for a house. (In no way reflecting what I would trade) The startups of businesses across time have never come easy, from cost, to hassle, to threat of beheading; there have always been obstacles in starting a business.

One of the hardest parts of being an entrepreneur is starting up. This includes getting funding, filing for all necessary permits, and finding a building to host the business. Many business owners rent or lease, but some choose to actually buy a location.

The permits needed to start a business vary from state to state, city to city, and year to year. The type of business also affects what permits you need. For example, to start an online business, you would not have to get a building, and also file for fewer permits than a restaurant would have to. Restaurants have to get all the permits any other business does, and they have to get permits from the health department and be inspected regularly.

Sometimes the cost of startup is too great for some entrepreneurs and the business goes bankrupt. This is one reason you should file for a complete business license. If you aren’t properly licensed as a company, if you go bankrupt the banks can come after you and what you own. If you are approved as a LLC (Limited Liability Company) or LLP (Limit...

... middle of paper ...

...fic. Without traffic, the business will have no revenue. Also one has to make sure the location is zoned for business use. If the building is not zoned for business one could be heavily fined.

Works Cited

USSBA. "U.S. Small Business Administration." U.S. Small Business Administration-Your Small Business Resource. Web. 26 May 2010. .

Reader's Digest. "Financial Advice for Banking Customers." Reader's Digest Nov. 2008. Reader's Digest. Web. 25 May 2010. .

"Frequently Asked Questions (FAQ) — Kickstarter." Kickstarter. Web. 26 May 2010. .

"What's Your Business worth - Really?" Business, Financial, Personal Finance News - CNNMoney.com. Web. 26 May 2010. .

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