Small business set up infographic header

Many small businesses start as a hobby, and then take over a larger and larger percentage of the owner’s time until the proportions flip and the hobby has replaced a full time job. And while this gradual evolution is certainly logical, it can also lead to skipping some important steps when setting up a business.

If you’re thinking about starting a business – or maybe just want to check your progress – have a look at the infographic below. It details the 10 steps necessary for a business to get started on a solid foundation. In short, they are:

1. Research and plan your business
2. Seek assistance from an expert
3. Choose a business location
4. Acquire funding
5. Determine your legal structure
6. Register your business name (also a great time to snap up a domain name)
7. Get a Tax Identification Number (EIN)
8. Register for state and local taxes
9. Obtain business licenses and permits
10. Hire employees

(Click image to view larger)

Setting up a small business infographic

Did you know the contact management team at ContactMe is also a part of Webs? If you need help managing your contacts, organizing your communications, and growing your business, check ContactMe out!

About the Author: Sarah Matista is the resident blogger at Webs, where she also manages marketing for Pagemodo – a suite of social media tools. Loves marketing, small businesses, and whales. Get more from Sarah on the Webs Blog and Google+.

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