You’ve identified what gift God has given you to create that great opportunity to excel, and you’ve shared your vision with a select few people who helped solidify your action plan. Whats Next? Now you must work. Most people don’t realize their full potential because they are always planning what they would do. He spends so much time daydreaming about the vision and sharing it with others, that the real work never gets done. But understand this, now is the time to move. The path to your destination must begin step by step. Today is the day you make your dream come true.
First of all, you need to choose a name for your company. When giving your company a name, I suggest that you also write your mission statement. You then need to decide how you would like to operate your business. Would you like to be a sole proprietor? Perhaps there is someone who shares your dream with you and supports you one hundred percent, giving you the option of establishing a partnership. Other options include an S corporation, a C corporation, and a limited liability corporation. The way you incorporate your business is primarily based on your personal goals and objectives. Once you name your company and incorporate your business, you must apply for a federal tax identification number. Because? This is the number that identifies your company to the Internal Revenue Service for all income earned by your new business.
I know what you are preparing to ask next. Nicole, how do I achieve all of that? Very easily. The first thing to do after choosing a name for your business is to go to your local county clerk’s office and check court records to see if your name is being used. Otherwise, register your company name and business in the state in which you intend to do business. At the county records office, they will help you with the proper forms so you don’t make a mistake. There is a minimum cost that varies from state to state but is usually less than $100. A word of warning: if you decide to set up an LLC, S Corp, or regular corporation, I recommend that you seek the advice of a certified public accountant to set up the business correctly, leaving no room for error. This address may cost you a little more money, but it’s worth it.
Your next step is to leave the records office or accountant and go to your local bank. You have your forms in hand and $100. Open a business checking account. From this point on, everything done on behalf of your business must be completed using this account. Any income earned must be deposited into this account, not your personal account. THE FUNDS ARE NOT COMING! You will only get confused and blur the business and your personal assets.
Once you’ve established your business and opened your account, the next item on your agenda is to find someone who is in the same field as you. Maybe they will serve as your mentor or maybe you can just ask questions. I suggest you schedule a meeting with someone and ask questions, questions, questions. Go online and see if anyone is advertising their services in the same industry. Ask them to send you as much information as possible because you want to find out how to make money. After all, that’s why you’re going through all these changes anyway: to fulfill your destiny and earn money.
I’m going to stop here for now because I think this is a lot to take in. But I’ll give you a glimpse of what’s next in case you can’t wait. Simply put, people need to know about you. How do we achieve that? Marketing and publicity!
As always, I appreciate your comments.
