How to establish or start your business? You have to create a foundation for your business. Your business foundation is what you want to build through your business. Examples are what types of services and products you want to offer clients. How or where do you want to conduct your business with clients.
28 For which of you, intending to build a tower, does not sit down first and count the cost, whether he has enough to finish it— 29 lest, after he has laid the foundation, and is not able to finish, all who see it begin to mock him, 30 saying, ‘This man began to build and was not able to finish’?
Luke 14:28-30
Exploring the cost of starting a business. Using an example of a trucking business, what is the first cost of starting this business? Trucking, as with the majority of starting any business, you want to start by creating a business name.
After creating a business name go to your local county office to register your business name. The cost to register the business name is usually less than twenty dollars for the notary fee.
Once you registered your business name go to the Internal Revenue Service by clicking HERE to create a free Employee Identification Number (EIN). The EIN is needed for tax purposes, opening a business account, choosing a payment gateway service like PayPal and many other services for your business.