How to Start a Business

Financing a Home-Based Business Federal agencies do not provide grants for starting a home-based business. However, there are a number of low-interest loan programs that help individuals obtain startup financing. ONLINE BUSINESSES

but finding a mentor and additional resources can help keep you on the track toward success. Gain invaluable insight from mentors or counselors during the beginning stages of your business to help you avoid common mistakes. Environmental Factors A growing number of startups view global environmental problems as business opportunities. Learn about environmental regulations, along with opportunities for businesses in the green sector. Learn how to make your startup a green business. Help your startup join the Green movement and learn about Green Technology innovation grants and technical assistance. Hiring Employees & Independent Contractors Entrepreneurs need help to initiate and expand their startups. Make sure that you are hiring the right people and understand the difference between an employee and an independent contractor. Know the basics of hiring for your startup and learn what hiring means for your startup, from taxes to liabilities. Manage worker issues effectively by understanding proper Human Resource procedures.

Establishing a business presence on the Internet can be a lucrative way to sell, market and advertise your business’s goods and services. Here are some steps to help you set up your online business.

HOME-BASED BUSINESSES

1. Start a Business Regardless of where you choose to operate your business, certain general requirements always apply. Before you can begin completing specific online business steps you must follow the basic rules for starting a business. 2. Register a Domain Name A domain name is the web address of your online business. Choosing and registering a domain name is the first step to starting an online business. After you've chosen the name you'd like to register, the process is simple and cost-friendly. Where to register your name is up to the discretion of individual businesses. Be careful to avoid possible security risks by becoming aware of potential scams. The Federal Trade Commission issued a consumer alert about Domain Name Registration Scams. The Internet Corporation for Assigned Names and Numbers is the non-profit corporation that has technical oversight of Internet protocol address space allocation, protocol parameter assignment, domain name system management and root server system 5

Starting a home-based business has many rewards as well as challenges. Start a Home-Based Business If you have decided you are ready to start a home based business, then you might already have an idea and/or the products you want to market. If not, think about your background, what you are good at, and what experience you have. This exploration can get you on your way to coming up with a sound idea.