Starting a Business All-in-One For Dummies®, 2nd Edition
Published by: John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, www.wiley.com
Copyright © 2019 by John Wiley & Sons, Inc., Hoboken, New Jersey
Published simultaneously in Canada
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions.
Trademarks: Wiley, For Dummies, the Dummies Man logo, Dummies.com, Making Everything Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc., and may not be used without written permission. All other trademarks are the property of their respective owners. John Wiley & Sons, Inc., is not associated with any product or vendor mentioned in this book.
LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF THE CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITHOUT LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR OTHER PROFESSIONAL SERVICES. IF PROFESSIONAL ASSISTANCE IS REQUIRED, THE SERVICES OF A COMPETENT PROFESSIONAL PERSON SHOULD BE SOUGHT. NEITHER THE PUBLISHER NOR THE AUTHOR SHALL BE LIABLE FOR DAMAGES ARISING HEREFROM. THE FACT THAT AN ORGANIZATION OR WEBSITE IS REFERRED TO IN THIS WORK AS A CITATION AND/OR A POTENTIAL SOURCE OF FURTHER INFORMATION DOES NOT MEAN THAT THE AUTHOR OR THE PUBLISHER ENDORSES THE INFORMATION THE ORGANIZATION OR WEBSITE MAY PROVIDE OR RECOMMENDATIONS IT MAY MAKE. FURTHER, READERS SHOULD BE AWARE THAT INTERNET WEBSITES LISTED IN THIS WORK MAY HAVE CHANGED OR DISAPPEARED BETWEEN WHEN THIS WORK WAS WRITTEN AND WHEN IT IS READ.
For general information on our other products and services, please contact our Customer Care Department within the U.S. at 877-762-2974, outside the U.S. at 317-572-3993, or fax 317-572-4002. For technical support, please visit https://hub.wiley.com/community/support/dummies.
Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com. For more information about Wiley products, visit www.wiley.com.
Library of Congress Control Number: 2019939297
ISBN 978-1-119-56521-5 (pbk); ISBN 978-1-119-56524-6 (ebk); ISBN 978-1-119-56520-8 (ebk)
Welcome to Starting a Business All-in-One For Dummies, Second Edition!
It’s a good bet that you share the popular dream of starting your own business and being your own boss. Increasingly, this dream is becoming more relevant to the challenges of the economy that has emerged. It’s not just a pie-in-the-sky dream anymore; starting a business is a reality that has created opportunity and satisfaction for many people who decided to take the plunge — just as it can for you.
This book presents and explains a wide variety of information, all aimed at enlightening you on what you need to know and ensuring your success. Whether you need know-how and advice on turning your idea into reality, creating a business plan and business model, finding funding, picking a legal structure, setting up your books, marketing and promoting, or staying in business for the long haul, you’ll find the help you need here. Most of this book is applicable to you whether your business is a local business, a start-up corporation, a franchise, or based out of your home.
The aim of this book is to provide you with the very best ideas, concepts, and tools for starting and successfully operating your business. Using the info here, you should be able to create exactly the kind of business you’ve always dreamed of and find exactly the level of success you’ve always wanted.
This book is a generous conglomeration of material from a number of For Dummies business books, carefully selected with an eye toward getting the new business owner/entrepreneur up and running. Your current level of business experience (or lack thereof) doesn’t matter. Don’t worry about not having years of management experience under your belt or about not knowing the difference between a balance sheet and an income statement.
For a fraction of the amount you’d pay to get an MBA, this book provides you with an easily understandable road map to today’s most innovative and effective business techniques and strategies. The information you find here is firmly grounded in the real world. This book isn’t an abstract collection of theoretical mumbo-jumbo that sounds good but doesn’t work when you put it to the test. Instead, you’ll find only the best information, the best strategies, and the best techniques — the same ones that top business schools teach today.
This book is also meant to be at least a little fun — running a business doesn’t have to be a bore! In fact, maintaining a sense of humor can be vital when facing the challenges that all new business owners face from time to time.
Within this book, you may note that some web addresses (URLs) break across two lines of text. If you’re reading this book in print and want to visit one of these web pages, simply key in the web address exactly as it’s noted in the text, pretending as though the line break doesn’t exist. If you’re reading this as an e-book, you’ve got it easy — just tap the web address to be taken directly to the web page.
This book makes a few assumptions about you. For example, you have at least a passing interest in starting your own business. (Duh.) Maybe you’ve already started a business and are looking for tips to refine the techniques you’re already developing. Or perhaps it’s something you think you may want to try and are looking to read up on it before you make your move. In any case, you’ve come to the right place.
It’s also safe to assume that you can — or believe you can — produce and deliver products or services that people will be willing to pay you for. These products and services can be most anything. You’re limited only by your imagination (and, of course, your bank account, about which you’ll soon be reading quite a bit).
Finally, this book assumes that you’re eager to scoop up and implement new tips and tricks and that you’re willing to acquire some new perspectives on the topic.
Icons are handy little graphic images that are meant to point out particularly important information about starting your own business. Throughout this book, you find the following icons, conveniently located along the left margins:
Remember the important points of information that follow this icon, and your business will be all the better for it.
This one points out slightly advanced material that you can safely skip if you’re in a hurry. But by all means, read these if you want to stretch yourself a bit.
This icon directs you to tips and shortcuts you can follow to save time and do things the right way the first time.
Danger! Ignore the advice next to this icon at your own risk!
If you’re new to starting a business, you may want to start at the beginning of this book and work your way through to the end. A wealth of information and practical advice awaits you. Simply turn the page and you’re on your way! But you can start anywhere. If you already own and operate a business and are short of time (and who isn’t?), feel free to use the table of contents and the index to zero in on particular topics of interest to you right now.
Regardless of how you find your way around this book, the sincere hope of this endeavor is that you’ll enjoy the journey.
For answers and helpful tips online, go to www.dummies.com and search for “Starting a Business All-in-One For Dummies Cheat Sheet” in the Search box.
Book 1