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Thinking about starting your own business? Here’s what to know

ACT

Outline your business plan One of the most common mistakes new entrepreneurs make is to start a business without a concrete business plan. Moving forward without a plan could set your business up for failure. You must also open a business bank account and likely apply for business credit.

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Sole Proprietorship 101: The Easy Guide to Setting One Up

Hubspot Sales

Before you start a business , however, it’s important to have a business plan. Here’s an easy-to-use business plan template to begin. Step 0: Decide what kind of business you’ll start. A variety of businesses are operated as sole proprietorships. Business bankruptcy means personal bankruptcy.

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