I am always on the lookout for some good tips to pass along to clients. Sometimes it is a new book on creating a will. For those who work with financial planners, it can be an accessible book on investing. In the realm of starting a business, the libraries are full of books. Rather than a generalized book on starting a business, the best ones focus on individual parts of the process. Trying to fully explain marketing in a book that tells you how to start a business is just not possible. So my advice is to find some good books that can explain the parts of starting a business you don’t understand.

For those who need a good generalized overview, I always suggest blogs or magazine articles. They tend to be filled with good tips. A good one from Entrepreneur magazine was posted at the end of May. John Rampton’s article, Starting Your Business: The Tools, Resources and Mindset You Need to Succeed, is a good starting point for those thinking of starting a business.

Rampton’s Steps You Want to Take

Rampton lays out 8 steps he thinks you should take,

  • Evaluate yourself;
  • Brainstorm business ideas;
  • Conduct market research;
  • Write your business plan;
  • Make your business official (this is where the lawyers come in…);
  • Pick a business location;
  • Finance your business; and
  • Develop and improve your product or service.

Rampton also spends some time discussing your mindset and how important it also is to starting your own business. If you are thinking of starting your own business, you should check out this article and see if the tips give you some good ideas.

Next Steps

If you are thinking of starting a business or already started your business and want to make sure your legal documents are in order, give me a call and we can sit down to discuss the process and what documents would be best tailored for your company – (877) AMAYERS.

Andrew Ayers
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I work with business and estate planning clients to craft legal solutions to protect their legacies.
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