If you’ve ever dreamed of being your own boss, you’re luckily not alone. Millions of people aspire to escape the 9-to-5 grind and create their own home-based, small business. Of course, the idea of gaining freedom and flexibility is appealing.. But how do you get started?
Well, in this blog post, we’re going to guide you on the essential steps to launching a new business — it’s more accessible than ever! The best part is, fancy office spaces or a huge amount of personal assets are not required. All you need to start a small business is planning and perseverance.
Choosing The Right Niche
Step 1 when turning your passion into a profitable home business idea, is to figure out what that passion is. Consider your skills and interests to figure out what could work. Here is an example — if you’re crafty and want to sell handmade goods, starting up a shop at online stores like Etsy could be perfect! Consider researching freelancing websites that you may have used in the past.
This is your business, don’t feel locked in. You can always tweak or even completely revamp your business model to make it better. Many small business owners, and even successful business owners started their companies as one thing and evolved into another. Once you settle on your niche, you will be ready to start planning the details to make your dream a reality. Also, don’t be afraid to start with multiple home business ideas and narrow down from there.
What Will You Specialize in?
Once you have settled on an area of expertise, narrow it down to specifics. Like if you’re planning on starting a subscription box business, determine what you want to start off specializing in – crafts, science, foods, tech, or something completely different?
You can always expand once your business starts taking off, but it is always better to master one thing than to be mediocre at many. The more defined your niche is, the easier it will be to establish yourself as an expert in it.
Setting Goals and Strategizing
Dream big, but start with a small business plan. Connect with local business owners to gain ideas on how they started out. After coming up with your business structures, strategize on how to reach those goals. Map out step-by-step actions and a realistic timeline to get there. Like this:
- Build your website and online presence (1-2 months)
- Create your products and/or services (2-6 months)
- Set pricing (factor in costs and profit margins)
- Come up with a marketing and sales plan. There are many resources such as through social media, blogging, email campaigns, etc. (1-2 months and ongoing)
- Provide great customer service to build loyalty (ongoing)
Registering Your Business and Protecting Your Assets
Once you’ve perfect your business structure, it’s time to make it a legal entity. To legally manage your home business, you need to register it and take steps to protect your personal assets. It is also advised to obtain a business license. By registering your business, whether as a sole proprietorship, partnership, or corporation, establishes your company as a legal business entity. You’re not required to register within your state, or even your country!
It’s as simple as finding a reliable company to register your business. Fees are typically under $100. Registering your small business will help to establish your business’ credibility and provides legal and tax benefits. Once registered, you will need to obtain proper licenses or permits required for your business. These help ensure you operate legally and safely. Check with you city clerk’s office to determine what, if any, additional licenses your business requires.
Business Banking
When you’re registering your business, you typically can open a business bank account with the same company. This is to ensure you keep your business and personal finances separate. This helps with accounting, taxes, and liability. Shop around at some banks to find an account that suits your needs with minimal fees.
Business Insurance
Business insurance protects you in the event of circumstances like a lawsuit, property damage, or a business interruption. The types and amounts of coverage you need depends on your business and risks. Liability insurance covers injuries or damager.
Property insurance protects physical business assets. Business interruption insurance provides income if you can not operate for a period of time. It is best to consult an insurance broker to determine appropriate policies and coverage limits for your business.
Consulting Lawyers
Last but definitely not least — it is wise to speak with a lawyer who specializes in small businesses. They can advise you on the best legal structure for your own business, help you apply for your Employer Identification Number (EIN) to start hiring employees and help draft essential documents like partnership agreements, terms of use policies for you website, contract, non-disclosure agreements, and more. Although legal fees can be pricey, a consultation on the basics is often very affordable and will be worth it if it saves you from issues down the road.
With some time and money invested upfront to establish the proper legal foundation, you will be left with peace of mind in knowing your business and personal assets are protected. This allows you to focus on doing what your passion – running your own business!
Start Your Business Today With EASY Wireless!
Starting your own business is tough. It takes will power, hard work, determination, passion, and resources. While we can’t necessarily give you passion or determination, what we can do is help you access the right technology to make your dream into your work.
You’re going to need things like Wi-Fi and a phone to contact clients, build your online presence, and manage your company’s finances. Well luckily — EASY Wireless is offering FREE cell phone service with FREE data to eligible low-income individuals. Here’s exactly what you receive after applying:
What Benefits Do You Get With EASY Wireless?
Upon qualifying for one of the programs above with EASY Wireless, you will receive the following benefits:
EASY Wireless Unlimited Plan
- FREE Unlimited Data
- FREE Unlimited Talk
- FREE Unlimited Text
- FREE SIM Card Kit and Activation
- Choose to Keep Your Number or Get a New One
How do I Apply For EASY Wireless Benefits?
To get started with EASY Wireless, apply online by clicking the below:
Start Saving Today!
Start Saving Today!
Or you can come to one of the EASY Wireless’s retail stores, where our customer service agent will help you apply for the benefits.
Either way, the first step is to provide proof of identity with a government-issued ID. This is so you can confirm your participation in one of the qualifying programs or that you meet the household income requirement.
We accept the following U.S. Government Issued ID:
- U.S. Driver License
- Certificate of U.S. Citizenship
- Certificate of Naturalization
- U.S. Passport
- U.S. Government, State or Tribal issued-ID
- U.S. Military ID cards
- Permanent Resident Cards
- Permanent Resident Alien Cards
You can show the following documents to prove that you are taking part in a government assistance program or use them as proof of active benefits:
- Statement of benefits from a qualifying Program.
- Notice letter of participation, such as an award letter
- Program participation documents, such as a screenshot from an online account.
- In order to show income, you can provide any of the following proofs:
- Unemployment Documentation
- Copy of your State or Federal income tax return.
- Three months’ worth of current pay stubs.
- Veterans Administration or SSI benefits letter.
- A divorce decree or child support document that states income.
- Retirement or pension statement.
Need More Than Just One Line of Service or an Additional Phone?
EASY Wireless is a full-service cellular store that cares about all of your communication needs. We have a wide range of pre-paid plans for every budget and usage requirement. Also, we offer a selection of brand-name phones that combine quality, reliability, and the latest technology.
And that’s not all – we also provide an array of amazing accessories to enhance your mobile experience. At EASY Wireless, we’re dedicated to providing exceptional service and ensuring you find the perfect plan, phone, and accessories to suit your lifestyle and preferences.
Visit us for all your cell phone and wireless service needs today!
