Open for Business Timeline

Reading time: 3 – 5 minutes

Now that we have went through everything you need to know to start a business let me put them in the order in which you should start. This way you can create a checklist in order of when you should do each step. You should go through the process of starting a business anyway and get all of the steps listed below done ASAP. When the time comes that you have a great idea you want to be able to execute not sit back waiting months on something you could’ve gotten done right now. All the permits needed to make money do not expire but if you don’t have them  ready when you see something you want to resell you will miss out. Don’t be the guy wanting to sell umbrellas on a rainy day who didn’t set up an account with the umbrella manufacturer. Money is made by the ability to create a product for sale TODAY not in a week TODAY. Get all of the steps done below done ASAP and let’s get ready to make money.I hope this helps all of you to take a chance at business and feel free to email me any questions or hiccups you may have at freeman@riseandgrind.com.

Setting up a Business Time Line:

1. File the papers for the business structure of your company. ie.. Sole Prop, LLC, LLP or Corporation
2. Get a PO Box or Mailbox location delivery address for your business.
3. File the forms for your Federal Tax ID aka Business Social Security number
4. If you want a Corporation – File form 2533 to be elected as a S-Corp
5. File the necessary paperwork to get a Seller’s Permit aka Wholesale Permit
6. Setup Your Business Bank Account
7. Ask the bank to provide you with your first Business Credit Card
8. Setup a Paypal account and link it directly to your new Business Bank Account
9. Contact MagicJack and get your first phone line
10. Contact Myfax and get your first fax line
11. Create your Letterhead with Openoffice.org so all your documents will look official
12. Get your first set of business cards from Vista Print.com and use the title of WHAT YOU DO not what you are. The name CEO on a card tells no one what you do, but carpenter does. Get the most boring looking cards as possible as business is business and it’s not a game of looking fancy. No one respects fancy looking cards.

To read again all that I wrote for this month you can go to the right and hit the Pull Down Menu for February 2009. On those pages will be all the links I have provided for you telling exactly how to get everything listed above done. Again if you need any help email me a freeman@riseandgrind.com.

Those in Business always run those who aren’t. If you want to have any say in this world you have to become someone who creates money and thus creates opportunity. Everything else that is perceived power is a joke. Politics are funded by the person with money so even they are in the pocket of someone who produces money. Business is what Capitalism is about and all this other crap you hear coming out of people’s mouth are the voices of the weak. Decide what side of this table you want to be on. You have to grow up and stop treating serious matters like they are the will of God when realistically all that happens to you is by the Will of Man. You have to decide if you are going to be that Man!

RUN A BUSINESS!

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