At this point you have completed the GroundUP SatartUP process. You already found the viable idea that will become into a business. What do you do to next? You can the order bellow or do several things at the same time.

1. Decide on Name of the Business.

The business name creates images in customers mind about your business. It is important component of the overall marketing effort. You should decide what image the name should communicate conservative, creative, entertaining etc. The name should reflect the type of business you are in and being easy to understand and remember.

If you already do not have a name you can start by looking at potential competitors from your industry. You will receive good information about how other similar businesses are named. You may use one of the online dictionaries to brainstorm different variations of the name. The thesaurus sections are very helpful. Then have to see if the Internet domain name is available. Both names have to match although the Internet name maybe abbreviated. Ask friends and relatives if the name makes sense to them. You have to like the name.

Another reason to choose the right name is internet. Today and in the foreseeable future the internet will play increasingly important role how commerce is conducted. Check if the url for your name is available. There is an everincreasing chance that the name is already taken. So you have to find out a combination that is comprehensive to your customers. You should not ignore the power of search engines to promote your business.

2. Decide on location for your Business

Where is the main location where business will be conducted. Is it going to be in a commercial building, mobile or home location. The decision is driven by the type of business you have. You should try to your business at home for as long as possible and saving money along the way.

The next best location is to rent a space from an existing business, cart in a mall, a vehicle you can do buisness from. Using such approach will make a business cheaper to start and maintain. Using this approach will save money and

If you decide that you need a commercial location then you have to decide on concept, design and build up. This is the most If you produce something you can easily get buy with bear bone equipment needed to produce your item. However, if you have place of business will be visited by customers then you need a well designed and conceptualized to attract and keep customers and ultimately to make a profit.

3. Obtain Permits and Licenses

Some businesses need permits and licenses to operate. Permits are issued by the city . Licenses  are issued by a states

4. Decide on Legal Form

You have to decide what legal form you would like to have. You should not jump into costly forms of ownership quickly. The type of business and your personal situation will determine the legal form. Do you need protection from liability? If you have a buisness that can potentially harm peol eyou will need to do that. You have to

Sole proprietor

Partnership

Limited Liability Company

Corporation

Insurance