Frequently Asked Questions about how to start your own small business, including retail business ventures, small business start ups, business plan preparation, accounting advice, consulting, ideas, tips, money, financing, and much more!

Frequently Asked Questions
I want to start a business. Where do I begin?
 Starting a successful business depends on several factors. Use our online business plan to find out if your new business ideas are worth pursuing. In short, you should begin by visualizing the need for your product or service. Ask yourself the following questions:

  • Does the need for my new business exist now? Or must the need be created?
  • If the need must be created, how and when can it be accomplished?
  • Am I good at the type of business I envision starting?
  • Do I see myself running this type of business for the long term?
  • See our online Business Plan for more details.

Do I need good credit to start a business?
To start a successful business requires upfront capital for initial expenses, downpayments, and related costs. While good credit is highly desirable when starting a new business, it's not a "deal breaker" and many new businesses are started when credit scores are less than desireable or business owners have previously filed for bankruptcy. Contact Joe for more information about how credit affects business ownership.

Do I have to hire an accountant to start a business?
 An accountant is like windshield wipers in a snow storm. Wipers won't drive the car, but they will certainly help in keeping the car on the road. You certainly don't need an accountant during the planning stages of starting a new business. However, once your business is up and running, that would be a good time to involve the services of a qualified accountant.



Will my personal property be tied to the business?
 Unless you opt for a "Limited Liability" business configuration (LLC), the answer is "yes". Different business configurations are appropriate for varying business, such as corporations, sole proprietor, and more.



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