We begin on the Inside…
Clarity – your vision, mission, purpose, values/themes/key words, definition of success, authority, passion, intention, goals
Energy – relationship between you, your business and other areas of your life; commitment; boundaries; personal energy management; sources of power; priorities
Motivation – identification and removal of barriers (old stories) to your success, identification and additional of motivating influences (new stories)
… and then move Out
Purpose – Why does this business exist, and why are you the one to lead it?
Identification of problem/pain point
The benefits of your solution/approach
Intentions for self, clients, larger contribution (community, profession, global)
Ideal Clients – Where do your gifts intersect with the world’s needs?
Offerings/Services – What solutions are you offering your ideal clients?
Free and Fee products/services
Life Coaching on Business Startups
Determine your legal business structure.
Before you can register your company, you need to decide what kind of entity it is. Your business structure legally affects everything from how you file your taxes to your personal liability if something goes wrong.
If you own the business entirely by yourself and plan to be responsible for all debts and obligations, you can register for a sole proprietorship.
Be warned that this route can directly affect your personal credit. Alternatively, a partnership, as its name implies, means that two or more people are held personally liable as business owners.
You don't have to go it alone if you can find a business partner with complimentary skills to your own.
If you want to separate your personal liability from your company's liability, you may want to consider forming one of several types of corporations. This makes a business a separate entity apart from its owners, and therefore, corporations can own property, assume liability, pay taxes, enter into contracts, sue and be sued like any other individual.
One of the most common structures for small businesses, however, is the limited liability corporation (LLC). This hybrid structure has the legal protections of a corporation while allowing for the tax benefits of a partnership.
Register with the government and IRS
To become an officially recognized business entity, you must register with the government. Corporations will need an "articles of incorporation" document, which includes your business name, business purpose, corporate structure, stock details and other information about your company. Otherwise, you will just need to register your business name, which can be your legal name, a fictitious "Doing Business As" name (if you are the sole proprietor), or the name you've come up with for your company.
Small business owners may save by taking advantage of our consulting packages that target the needs of new and growing business owners. From group coaching sessions to starter kits for professionals forming an LLC.
LLC and Sole Proprietor formation Packages;
Depending on which state that your business is located. Starting at $300
Package includes name availability search, filing of ( your state ) LLC formation documents, payment of state formation fee, registered agent service, provision of IRS EIN number, consult on and filing of S corporation form, completion of your state franchise questionnaire, and setup of LLC ownership structure.
Business plans: $400
Market research Plans: $300
Financial projections: $55 per projection
Executive summary: $65 per summary