How to start a business in NC from your home

1. How to start a business in NC from your home If we believe is the statistics starting a small business in NC, will be one of the best decisions you will ever make Typically starting any business is expensive but if you are a resident of North Carolina then you are one of the lucky ones who are benefiting from second lowest business costs in the US. Making North Carolina a great place to start a business from home or anywhere else you wish. To help those learning how to start a small business, we have set out some simple steps of what you need to start a business and how to get it moving in the right direction towards financial and personal independence.

2. Starting a business in NC checklist Step One - Choosing business opportunities in NC So, one day, we get out of bed and say, “I really need to start that business I promised myself”, then the penny drops….. What business should I do? Choosing a business is a process that combines many factor that you as an individual know about yourself. Start from looking at your personal interests and hobbies, your life goals, your skills and your abilities. So, start from somewhere you know and then develop it over time, you will need to learn new skills regardless what business choices you make but it will give your business a solid base to work from. In addition, being passionate about what you are doing will keep you motivate to succeed during the toughest days to come. Step Two - The plan for starting a small business in NC Regardless if you decide to start a home based or a traditional business planning is everything, so do not expect things to go well if you do not plan everything out from the start. The fact is success is built on careful and thoughtful planning, so before

3. committing to investing large amounts of money and time create a game plan and ask yourself some important questions such as: ● What type of product or service interests you? ● What is your customer base? ● How do you intend to attract customers and turn them into buyers? ● Are you intending to work allow or hire staff? ● How many sales will you need to break even? ● How much money will it cost to get you business started?

4. Step Three - Register for taxes Most businesses including home based businesses require a Federal EIN, also known as a Tax ID Number. An EIN is used to identify a business in its federal tax filings. Without an EIN, you can't hire employees or open a business bank account. Other tax related issues you should be aware of is: ● To sell physical products you need need to register for North Carolina Sales Tax. ● If you need to employ staff, you will have to register for Unemployment Insurance Tax and Employee Withholding Tax on behalf of your employees Note: I would suggest unless you really need employees to start your business by yourself until you have everything moving how you want then consider employing staff and if you can purchase services instead do so.

5. Step Four - Apply for business banking and credit The main reason using business banking and credit accounts is to protect your personal assets. So, more so if you are intending to take large loads for your business do not mix your personal finances with your business. To insure you are protected Business banking 1. Apply and open a business bank account 2. Separate your personal assets from your business assets 3. Ask your local bank for advice regarding business banking Business credit card 1. Apply and get a business credit card 2. Separate your personal and business expenses 3. Write your business credit history, this should be simple if you are just getting started

6. 4. Ask your local bank for advice regarding business credit card banking Step Five - Bookkeeping I guess this is personal choice to either get a local bookkeeper / accountant or purchase a Personally, I work alone from home and so I decided to use the services of a bookkeeper for a reasonable cost, saving me time and stress of doing it myself. bookkeeping online system. However, there are some very good accounting software that allows you to integrate your bank and credit card information. Alternatively, if you are paying for online service or products and can use Paypal it is possible to have all your invoices and payments set out and ready for downloading when needed.

7. Step Six - Get insured Again, depending on the business you are doing will depend if there is any point to be insured, but it does help when managing risk in a business. So I would suggest, for small businesses, including home based businesses, the minimum coverage should be a general liability policy. For larger business where risk is higher, please consult your local insurance company regarding business insurance for your business. Step Seven - Personal branding when starting a small business in NC When you become the brand itself, you have achieved the goal you wanted, for example if you join a essential oils company as a ​Doterra rep and customers see you as the “Doterra lady” you have become the brand or product itself. Once you have develop your personal brand you customers will look to you for your core values and what you and your business stand for. This normally related to your customer see

8. their own core values and beliefs in relation to your product, service and yourself. Step Eight - Get online This is often the point where many of my business friend go into meltdown, complaining why can’t I run a business like they use to? Sadly, in the past you were in competition with other local businesses or maybe even the nearest city or town, but the internet has changed everything. In reality, you small business in North Carolina is in competition with everything web based business in the world owning the same product or service.

9. So, in the 21st century the minimum requirements is a website / webshop and a presence on social media. A professional website is a must if you want to me taken seriously and want to have real success in your choosing industry. A website allows your future customers to find your business, look at your product or service 24 hours a day 365 days a year. This also will give your business a sense of importance that maybe your house does not if you are working from home or your cheap office space loses. Once you have your website setup, open as many social media accounts such as Facebook, Linkedin, Twitter, Pinterest and Google Business and share your business with the world.

10. How to own your own business in North Carolina A majority of business opportunities in NC are run from home Most people see the benefits of starting a business from home because they have the freedom they would not otherwise have working in a traditional business or job. In my opinion the rise in the home business comes from the fact that online / cloud based businesses give a shop front to the world at the fraction of the price they would pay starting a tradition bricks and mortar business. So, if you are interested in a very affordable ​business opportunities in NC with our local business consultant that will help you through the ups and downs of running a business from home you have come to the right place.

11. Contact Me For more details on ​how to start a business in NC from home and at a price everyone can afford - ​Click here add your name and email address on the form below and I will get back to you asap. Author: Steven Jackson Source: ​How to start a business in NC from your home