Financial Education
Starting that business

Starting A Business: The First Steps!

So you’ve decided to follow your dream and create a startup business. It’s a big, bold step, and you’ll have your work cut out for you in the first few years. A lot of your business wisdom will have to come by experience and mistakes, but here are a few important tips to get you started.

Get Your Money Handled Properly

You should begin looking into business checking accounts immediately to find out which one will be right for you. You’ll want to find the sweet spot of a company with low fees, but high reliability. Convenience will be an important factor as well. Is there a location nearby for night drops (and will the company charge a fee for the service)? Ask lots of questions when deciding which financial institution to entrust your money to, so you don’t regret the decision later on.

Decide on Your Business Identity

Everything, from your name to your location to your website and branding, should all link back to your business identity. Ask yourself: Who am I? What value am I offering? Who do I want to reach? A company aimed at millennials will have a much different branding strategy than one aimed at baby boomers on the edge of retirement, and your strategy needs to be clear and consistent to draw the customers in.