Tips For New Businesses

Business - General
By: kgrace    
13-Dec-2010

Introduction:New businesses can help spur an economy. They provide jobs and new services. However, there is a right way and a wrong way to start a new business. Here are the top five tips to remember when starting new businesses.

  • 01

    Research.

    Always to your research to decide if the business opportunity is in a profitable niche. For example, selling pre-packaged ice in rural Alaska may not be the best idea because there really is not a large need for such services. Be sure that you will create a new business that fulfills a need in the local area to ensure business opportunity.

  • 02

    Start Small.

    While you are just getting your business established and creating a name for yourself, it is important to start small. Do not bite off more than you can chew by renting out a big city property and hiring twenty workers when you do not have any customers yet.

  • 03

    Keep Up With Your Taxes.

    Small businesses are subject to certain tax rules and regulations. One thing that will financially ruin your business is failing to pay your taxes on time and getting a large fine. Speak to a tax adviser if you have any questions about taxes and new businesses.

  • 04

    Pay All of Your Bills on Time.

    Just like new businesses need to pay their taxes on time, it is essential to pay all bills in a timely manner as well. Not only will this help to reduce debt, but it establishes the name of your company as a trust-worthy establishment.

  • 05

    Consider Insurance.

    As the owner of a new business, you will be held personally responsible for all debts. To ensure that creditors cannot take your personal assets, consider purchasing business liability insurance to protect your home and personal property.







Comments

Post A Comment

Submit Comment



Need a Top Five List Idea?

select one here...

  • The Top Five Hair Removal Options
  • The Top Five Quotes From the Movie Elf
  • The Top Five Sporting Events
  • The Top Five Job Opportunities for People W ...
  • The Top Five Online Social Networks
  • The Top Five Funniest People
  • The Top Five Overseas Bed and Breakfast Sto ...
  • The Top Five Foods That Help you Lose Weigh ...
  • The Top Five Country Singers of All Time
  • The Top Five Soft Drinks
  • The Top Five Dog Breeds for Kids
  • The Top Five Websites for Photographers
  • The Top Five Fast Food Restaurants
  • The Top Five Places for Discount Furniture ...
  • The Top Five Ways to Stay in Shape
  • The Top Five Funniest Jokes
  • The Top Five Tips on How to Make Money Onli ...
  • The Top Five Cell Phones Under 50 Dollars
  • The Top Five Candle Scents for Winter 
  • The Top Five Ways to Avoid Unemployment
  • The Top Five Things to do Before your 60 Ye ...
  • The Top Five Jewelry Stores
  • The Top Five Ways to Keep your Lawn Green
  • The Top Five Steps to Internet Security
  • The Top Five Foods For an Upset Stomach 
  • The Top Five Reasons you Should Play Fantas ...
  • The Top Five Online Gaming Sites
  • The Top Five Books for the Kindle
  • The Top Five Luxury Cars
  • The Top Five Pasta Recipes for Kids
  • The Top Five Songs About Love
  • The Top Five Websites for Kids
  • The Top Five Places to Find a Job
  • The Top Five Budget Mistakes Most People Ma ...
  • The Top Five Tips for Staying Positive
  • The Top Five Safest Cities in America
  • The Top Five Foods for Diabetics
  • The Top Five Tax Mistakes People Commonly M ...
  • The Top Five Carpet Cleaning Tips
  • The Top Five Steps on How to Get a Date
  • The Top Five Clothing Lines for Modest Clot ...
  • The Top Five Car Maintenance Checklist
  • The Top Five Planets in the Solar System
  • The Top Five Ways to Get a Loan
  • The Top Five Online Flower Delivery Compani ...
  • The Top Five Healthy Meals For Under 5 Doll ...
  • The Top Five Items you Can’t Live Without
  • The Top Five Chicken Recipes
  • The Top Five Steps on How to Potty Train Yo ...
  • The Top Five Movies of 2010
  • The Top Five Inventions That Changed the Wo ...
  • The Top Five Business Marketing Tips
  • The Top Five Nascar Drivers
  • The Top Five Places to Get a Student Loan
  • The Top Five Things to See in Dallas Texas
  • The Top Five Healthy Recipes
  • The Top Five Things you Should Not do in an ...
  • The Top Five Prom Dresses
  • The Top Five Commercials
  • The Top Five Candy Bars With Peanut Butter
  • The Top Five Ways to Get a Grant
  • The Top Five HDTV brands
  • The Top Five Home Improvement Tips for Sell ...
  • The Top Five Ideas for Anniversary Gifts
  • The Top Five Holidays
  • The Top Five Ways to Earn Money Online
  • The Top Five Motivational Speakers
  • The Top Five Presidents of the United State ...
  • The Top Five Places to Find Crazy Video Cli ...
  • The Top Five Steps to Home Security
  • The Top Five Computers for College Students ...
  • The Top Five Hair Products Women Must Have
  • The Top Five Movies of All Time
  • The Top Five Bealtes Songs beatles songs Wr ...
  • The Top Five Sources for Vitamin D
  • The Top Five Golfing Tips
  • The Top Five Ways to Invest in Real Estate
  • The Top Five Professions
  • The Top Five Items you Never want to Lose
  • The Top Five Board Games for Groups
  • The Top Five Knock Knock Jokes
  • The Top Five Healthiest Choices for Breakfa ...
  • The Top Five Mistakes Parents Make With Kid ...
  • The Top Five Foods to Avoid when Trying to ...
  • The Top Five Websites for Music
  • The Top Five Websites for Artists
  • The Top Five Creative Ways to Ask a Girl to ...
  • The Top Five Nuts that go in Salad
  • The Top Five Vacation Spots
  • The Top Five Career Moves for Teachers
  • The Top Five Designer Handbags
  • The Top Five Financial Mistakes People Make ...
  • The Top Five Baby Bags for Moms
  • The Top Five Home Air Purifiers
  • The Top Five Places to Mountain Bike
  • The Top Five Days During the Year
  • The Top Five Stresses of Home Ownership
  • The Top Five Ways to Update your Home Witho ...
  • The Top Five Funniest Movies Ever
  • The Top Five Advice for New Moms
  • The Top Five Cities to Live in
  • The Top Five Ways to Keep Unwanted Pests Ou ...
  • The Top Five Reasons Smoking is Bad
  • The Top Five Simple Smart Phones
  • The Top Five Ways to Get a Phone Number
  • The Top Five Tips for New Parents
  • The Top Five Must See Events in Las Vegas
  • The Top Five Ways to Keep Track of Spending ...
  • The Top Five Funniest Movies For Kids
  • The Top Five Places to Retire
  • The Top Five Ways to Improve your Resume
  • The Top Five NFL Football Stadiums With A D ...
  • The Top Five Teeth Whitening Tips
  • The Top Five Candle Scents for Summer Time
  • The Top Five Card Games for Four Players
  • The Top Five Ways to Workout your Upper Bod ...
  • The Top Five Bedroom Decorating Ideas
  • The Top Five Ways to Save Money
  • The Top Five Places to See in the World
  • The Top Five Places to Find Cheap Books
  • The Top Five Restaurants
  • The Top Five Clues for Crossword Puzzles
  • The Top Five Ways to Cope With Stress
  • The Top Five Reasons For Leaving a Job
  • The Top Five Most Hated Celebrities
  • The Top Five Pasta Recipes
  • The Top Five Michael Jackson Songs
  • The Top Five Funniest Websites
  • The Top Five Five Smart Phones
  • The Top Five Book Series for Young Adults
  • The Top Five Facts About the Sun
  • The Top Five Ways to Build Muscle
  • The Top Five Five Music Genres
  • The Top Five Wedding Favors
  • The Top Five Tips for Newlyweds
  • The Top Five Tips for Healthy Blood Pressur ...
  • The Top Five Diet Pills
  • The Top Five Most Trusted Cars
  • The Top Five Steps on How to Make a Website ...
  • The Top Five Places to get a Free Credit Re ...
  • The Top Five Walt Disney Movies
  • The Top Five Quotes to Live by
  • The Top Five Places to get French Fries
  • The Top Five Places to Live
  • The Top Five Ways to Turn Down a Job Offer
  • The Top Five Places to Buy Electronics
  • The Top Five Free Places for Veterans to Ea ...
  • The Top Five TV Shows of All Time
  • The Top Five Reason to Rent
  • The Top Five Healthiest Snacks
  • The Top Five Ways to Find Cheap Flights Onl ...
  • The Top Five California Landmarks
  • The Top Five Most Influential Sports Figure ...
  • The Top Five Pets you Should Own
  • The Top Five Things I've Learned from Britt ...
  • The Top Five Cartoons for Toddlers
  • The Top Five Steps on How to Save Money
  • The Top Five Youtube Videos for 2010 
  • The Top Five Vitamins for Hair Growth
  • The Top Five Schools for Business Managemen ...
  • The Top Five Outdoor Activities
  • The Top Five Places for Kids Birthday Parti ...
  • The Top Five 4th of July Party Ideas
  • The Top Five Auto Insurance Companies
  • The Top Five New York Hotels
  • The Top Five Creative Ways to Announce a Pr ...
  • The Top Five Video Games
  • The Top Five Health Insurance Companies
  • The Top Five iPhone Apps
  • The Top Five Signs that You are in Love
  • The Top Five Tips for New Businesses
  • The Top Five Tips for Planting a Garden
  • The Top Five Educational Websites for Kids
  • The Top Five Talk Shows on TV
  • The Top Five Causes of Road Rage
  • The Top Five Helpful Hints to Get Pregnant  ...
  • The Top Five Ways to Earn Money as a Colleg ...
  • The Top Five States to Live In
  • The Top Five Car Seat Safety Tips
  • The Top Five Hair Products
  • The Top Five Wedding Websites
  • The Top Five Steps on How to Avoid Credit C ...
  • The Top Five Reasons to Invest in Running S ...
  • The Top Five Songs About Texas
  • The Top Five Xbox 360 Games
  • The Top Five Superheroes
  • The Top Five Ways to Improve your Health
  • The Top Five Most Influential Speeches
  • The Top Five Xbox 360 Kinect Games for Exer ...
  • The Top Five Smart Phones of the Year
  • The Top Five Rules for a Strong Relationshi ...
  • The Top Five Gaming Consoles
  • The Top Five Websites for Discount Vacation ...
  • The Top Five Dessert Recipes
  • The Top Five Ways to Stop Smoking
  • The Top Five Skills Needed for a Career in ...
  • The Top Five Movies With a Twist
  • The Top Five Wedding Themes
  • The Top Five Unhealthy Foods for Dogs 
  • The Top Five People you Would Want to Meet
  • The Top Five Healthiest Fruits
  • The Top Five Attractions in the USA
  • The Top Five Greatest NBA Players of All Ti ...
  • The Top Five Google Apps
  • The Top Five Paint Colors for a Home
  • The Top Five Photo Editing Websites
  • The Top Five Harry Potter Movies
  • The Top Five Makeup Tips for Teens
  • The Top Five Books to Read This Year
  • The Top Five Ways to Relieve Stress
  • The Top Five Spyware Removal Systems
  • The Top Five Designer Shoe Brands for Women ...
  • The Top Five PGA Golfers
  • The Top Five Universities for MBA
  • The Top Five Wedding Gowns
  • The Top Five Things to do at Disneyland
  • The Top Five Reasons to Vote During Electio ...
  • The Top Five Shampoos
  • The Top Five Ways to Prevent Skin Cancer
  • The Top Five Traditional Thanksgiving Dishe ...