The first post in our 8 week blog series about how to start or grow your business is all about starting a business. With that being said, there is no way we can cover everything you need to know about starting a business in just a short little blog. In this blog we will cover a few simple steps on what you will need to know if you are starting your business from the ground up.
Naming a business can be the one thing holding you back. We hear it all the time, “I want to start a business but I don’t know what to name it so I just haven’t done anything about it yet.” Well guess what? It’s time to take action, we know you can do this! Sit down with a pen and paper and jot down the different services you will offer, geographical identifiers, words that mean something to you or your business. Your business name should not be hard to pronounce, spell, or remember. While creativity is required, don’t get too creative. After you decide on a few “top pick” names, check domain, social media, and legal availability.
After you have decided on your business name, you will need to decide whether you should file a Limited Liability Company (LLC), or an S-Corp. We highly recommend you thoroughly do your research on this aspect of your business. While we cannot provide you with any insight on how to set up your business, we have provided you with this awesome link to learn more about what an LLC and S-Corp are and how they differ.
If you are providing postpartum care of any kind, you should be insured as a postpartum care provider. Both Haleigh and I use CM&F group to insure ourselves and we would recommend their services to others. The cost of insurance depends on what state you are located in and what your classification of care provider you fall within their given categories. It is important that you do your research with whatever company you choose. Be cautious and read a copy of the policy prior to handing over your money.
We are so thankful you are following us along on this series. Check back next week as we cover why branding and target market are important!
Don’t forget to check out last weeks blog and our big announcement!