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Starting Up
The transition from great idea to a real
business can be difficult and require navigating
complex rules, regulations, and laws. Although
many businesses can be run very informally,
most significant businesses are covered by a patchwork of
local, state, and federal rules,
regulations,
and laws designed to protect
the owner, the
customer, employees, and the
government.
At each step of starting up your business,
it is important that you understand the forces
that may affect it positively (for example,
grants, tax exemptions, and low-cost loans)
and negatively (for example, liability, taxes,
and competition).
This section covers:
This may also be a good time
to investigate
how you will run your back office,
because
some of these people (accoutants
and lawyers)
can help with your planning now.
For some
ideas, see our discussion on
the back ofice.
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