· Introduction ·
Starting a business in USA can be a daunting task, but it is also an exciting opportunity for entrepreneurs looking to turn their ideas into reality.
Whether you are a first-time entrepreneur or a seasoned business owner, USA offers a vibrant market of over $4.55 Trillion us dollars and it’s a great place for start or expand your business if you do it correctly. Remember is also a very competitive market.
In this post, we’ll provide a step-by-step summarized guide on how to start any kind of business in USA, and hopefully some apps, suppliers, and tips to help you on your quest.
You can also download our PDF on How to Start a Business in the USA to have this information always available and with some extra tips:
· The Steps ·
Step 1: Conduct Market Research
Before you start a business, it’s important to conduct market research to ensure that there is demand for your product or service. This includes analyzing your target market, identifying your competitors, and assessing the overall industry trends. You can conduct market research by:
- Analyzing market reports and industry publications
- Conducting surveys and focus groups
- Analyzing social media and online reviews
- Or hire a market research service.
TIP: If you want to sell a product, a good way to analyze the market is through Amazon.com. There are many applications today like JungleScout or ZonGuru that just by putting the product you sell can share the data of your competition (on Amazon) such as prices, quantities and more.
Step 2: Develop a Business Plan
A business plan is a crucial component of starting a business in any place and in any situation.
It outlines your goals, strategies, and financial projections for the business. A well-written business plan can also help you secure funding and put yourself targets to measure your business growth..
Check templates on google or use services like Planigent. You can do it for yourself but remember to at least include this points:
- An executive summary
- A company description
- Market analysis
- Product or service description
- Marketing and sales strategies
- Financial projections
The main things you should focus is:
- What are you selling, it doesn’t matter if its a blog, an affiliate marketing business, outsourcing services, dropshipping or any other kind of business, you need to know what you are selling and why someone should buy it from you.
- How much do you expect to spend and earn?
- How many clients will you have and the growth projections per month
Step 3: Register Your Business
Once you have a business plan, you need to register your business with the state government. This is really important because each state have different rules and different taxes. Consult this with an agent.
Also you need to choose your business structure, your name, registering for a tax ID number, your EIN and obtaining any necessary permits or licenses.
The most common structures are:
- Sole proprietorship
- Partnership
- Limited Liability Company (LLC)
- Corporation
- Non-Profit.
We REALLY recommend that if you are not going to be present in USA, you hire a registered agent. They will not only open the business for you, they will also be responsible for maintaining it up to date.
We recommend Northwest Registered Agent and here you can check why, but at the end the decision is yours. If you choose to do it by yourself check this guide.
Step 4: Secure Funding
Starting a business in USA can be expensive, so you may need to secure funding from investors, lenders, crowdfunding, or yourself.
The point here goes hand in hand with your Business Plan. You must know how much your expenses will be in each category so that you are covered even if the business takes longer to start generating.
Some common sources of funding include:
- Small Business Administration (SBA) loans
- Venture capital
- Angel investors
- Crowdfunding
Just search for them with those names on google or bing and you will have a lot of options.
Step 5: Build Your Team
When you start your business, you will need to create a team of employees or contractors to help you run it.
The more you rely on technology and external providers, you will need to manage fewer people, but in the end you have to cover at least these positions.
- Sales and marketing:
- It doesn’t matter how good the product or the management of a company is, if you don’t promote it and sell it you will never be successful.
- Operations and logistics staff:
- Depending on what you do, you will need the people who will run the business. Many times when we start we do it, but in the end it is a position that must be covered
- Customer service representatives:
- Like the previous position, almost always in small businesses you handle this point at the beginning, but as we told you, the US market is quite competitive and this is a point that is highly valued.
- Finance and accounting professionals:
- It is unnecessary to remind you that apart from keeping the numbers correctly, you must comply with taxes and other legal provisions.
· Make It Easier ·
As we mentioned at the beginning, we want to help you by recommending some suppliers, applications and web pages.
First check this popup with some interesting products you may need.
Now we are going to summarize the steps and the tips that can help you in each one.
Market Research:
- US small business administration:
- FREE business plan templates, tools to calculate costs, market research an hundred or more tools to help you start for free.
- MarketResearch.com:
- A Marketplace where you can buy reports and analysis of different segments.
- Amazon Products Researchers:
- JungleScout
- ZonGuru
- Check both options and try their free trial. 7 to 14 days is enough to do a market research.
Business Plan
- US small business administration:
- FREE business plan templates and tools.
- Planigent:
- Easiest way to make a really good and complete business plan.
Register Your Business
- Northwest Registered Agent:
- The best option price/service, you can read more about it in this post.
Secure Funding:
As we know, this step always gives us uncertainty and many times we do not know where to start.
We leave you here some economical and reliable options depending on the line of your business, hoping that they
will help you.
- Fund That Flip: (best for real state)
- Are you interested in the real estate market? So, this is your best option, fund that flip will give you the best loans on the market, easier and more accessible even than banks, to do renovations, constructions, rents or flipping the properties with the aim of doing business (not for personal use).
- Onramp: (best for ecommerce)
- Are you planning to have your store online or sell on Amazon, then Onramp is for you.
- They lend you cash for your eCommerce and charge you based on your sales. That makes it much more accessible and affordable.
- Capital City Funds:
- This company is responsible for giving loans to businesses. Regardless of whether they accept startups, their focus is on growing businesses through different loan options that can range from $5,000 to $2 million USD.
- Its structure depends on your business, they have loans for SBA (small business), Equipment Finance, Factoring, and working capital. They respond the same day and have one of the best interest rates on the market.
- Fundera: (must use every time)
- Unlike the other options, Fundera does not lend you directly, what it does is ask you to fill out a single and simple application and they will quote loans throughout the US financial market from banks, financing companies, funds and credit cards and will present you all the possible options together with their costs and times.
- Regardless of what your choice is, you should always use Fundera to compare that it is the correct one since it is Free.
The financing of a company is one of the most important things regardless of whether it is through loans, investors
or own capital.
Build Your Team:
Building a team is important, especially when we focus on growth (at first, we can do it alone), butmany times we do not know or do not have the time we would like for certain tasks. It is for those situations that we consider that these options may help you.
- Fiverr:
- Fiverr is a platform where we can outsource certain specific tasks for very affordable costs. Write blogs, create commercials, build webpages, register business, make tax calculations and much more.
- You always have to see the reviews.
- Don’t trust jobs that appear too cheap. (Regardless that everything has a guarantee).
- Always read and communicate with the person who is going to give you the service before requesting it so that it is very clear what you are going to receive.
- Bonsai:
- Bonsai is the only tool you need to run your business administratively speaking.
- Manage your clients, deliver great work, get paid, and track your finances and much more.
- ClickUp: (Best For Project Management)
- All of your work in one place: Tasks, Docs, Chat, Goals, & more
- Start with the FREE Forever version.
Extras:
Here are some recommendations to help you make your business in the US easier to manage and grow faster.
- Inventory Source: (best for eCommerce)
- If you are going to have a store (online or physical), sell through amazon, Shopify or any other method that requires inventory management, Inventory Source is the best option in relation to service / price.
- JungleScout and ZonGuru (only for Amazon FBA)
- The must have tools to make an amazon FBA business successful.
- MightyCall:
- If you are not going to have a physical office in the US, with this option you can have a US number and answer it anywhere in the world.
- A Virtual Phone System
- Monitor, record and control all the business calls. (yours or your team)
- Nord VPN: (Necessary if you are not physically in the USA)
- Browse and do all kinds of procedures on the Internet as if you were physically in the US.
- Greater security in your online navigation.
- Access to pages that can only be consulted from the USA. (necessary)
- Bluehost:
- Regardless of your location, having a website is essential for any business.
- The most reliable server with the best packages and supports you can find
- Watch this video on YouTube to learn how to set up your account and start designing your page.
We have many more things that we would like to recommend but we also do not want to make this simple guide longer or more complex.
If you have any questions or want to know more about our recommendations, visit our section Work From Home.
If you would like more info contact us directly.
· Conclusion ·
Starting a business in USA requires careful planning and preparation, but with the right mindset and resources, you can turn your entrepreneurial dreams into reality.
Remember, starting a business is not a one-time event. It’s an ongoing process that requires flexibility, creativity, and determination. don’t forget to download our FREE PDF on How to Start a Business in the USA to have this information always available and with some extra tips. With the right guide you will gain expertise and experience, you can navigate the challenges of starting a business anywhere and achieve your financial goals.
If you need more info Check this posts:
Starting a business in USA can be a daunting task, but it is also an exciting opportunity for entrepreneurs looking to turn their ideas into reality. Whether you are a first-time entrepreneur or a seasoned business owner, the USA offers a vibrant market for starting a business. In this post, we’ll provide a step-by-step guide on how to start any kind of business in USA.
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