Business Adventures: A Beginner's Guide to Becoming a Pro In Business

By Larry Ellison

Have you ever wanted to start your own small business, but had no idea how to do so?
In this day and age, starting a new small business can be hard, and in a sense, it's kind of like an adventure, filled with ups and downs, and the like. But there, is a plan of action you can take in order to be successful, and this book will show you how to get started with a small business.
In this book, you'll learn:
•What it takes to create a small business.
•The legalities of a small business.
•Branding and marketing strategies.
•How to effectively generate an income for your business
•How to combat travails including how to get out of insolvency.
By the end of this, you will know quite a lot about the various aspects of a business, and trough this, you will learn just how you can be successful in the realm of small business, and how to adequately take this on and create the successful life and business that you've always wanted.

• Language: English
• Publisher: Kevin Mosansky
• Release date: Jun 14, 2018

Book preview

Table of Contents

Introduction

Chapter 1: First Steps to Business Ownership

Chapter 2: Building Your Foundation

Chapter 3: Marketing Plans

Chapter 4: Financing 

Chapter 5: Starting a Business With Zero $$$

Chapter 6: Tips if You Run Out of Money

Chapter 7: Legal Issues When Hiring Employees

Chapter 8: Summary of Key Concepts

Conclusion

Copyright © 2016 by Larry Ellison

All rights reserved. This book or any portion thereof may not be reproduced or used in any manner whatsoever without the express written permission of the publisher except for the use of brief quotations in a book review or scholarly journal.

Although the author and publisher have made every effort to ensure that the information in this book was correct at press time, the author and publisher do not assume and hereby disclaim any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from negligence, accident, or any other cause.

Introduction

Hello and thank you for taking the time to check out this book!

Have you ever wanted to get started in the world of small business? Small business is something everyone can try, and often, it’s one of the best endeavors you can get started with. But with every small business comes the nuances of it, and for some, it might be startling. However, and you might feel that there is no way you can do this. However, it is possible, and this book will tell you exactly how.

This book will walk you through the ins and outs of owning your own business, including how to get started and how to achieve success with it. With a small business, it takes quite a bit of work, and with something new, it does need to be cultivated over time.  However, this book will give you an insight on how to cultivate and grow a small business, and how to do so with success.

By the end of this book, you’ll know all that there needs to be known about this.  With this book, you’ll be able to get started on the business venture you’ve always dreamed of. For many people, this can be a scary set of actions, but the second you take it, is the second you’ll start to see success. So what are you waiting for? It’s time to create the small business of your dreams with this helpful and handy book. 

Chapter 1:  First Steps to Business Ownership

Congratulations! You have made the right first step in owning your own business, researching your options. Many people start new businesses without adequately preparing themselves legally or financially for their new endeavor. They have a great idea, as I’m sure you do also, but they don’t know exactly what is involved in starting the business so they drown in the details.

You won’t drown because this book will prepare you for most contingencies. We have carefully researched the laws and business publications to bring you the most effective practices and procedures for a business start-up. If you are ready now to tackle the hard stuff, here we go.

Legal Matters

Are you a Sole Proprietorship, a Partnership, a LLC, or a Corporation? Before you go any further in your business foundation, this basic question must be answered. There are legal and tax repercussions for all of the structures, so it is best to be informed at the beginning.

A Sole Proprietorship is owned by only one person. This person is solely responsible for all the business matters, even though they may have trusted employees, including accountants or bookkeepers.

Sole Proprietorships are the simplest form of entrepreneurship. You may already be one; if you are a writer or a freelance graphic designer, photographer, or an independent contractor that does temporary work, you are a sole proprietor.

Your local laws have the specific requirements for a business license or permit, and you have to pay income taxes on your earnings, self-employment taxes, and all business debts. You must also file a DBA, Doing Business as, if you are operating under a name other than a part of your given name. For example, if you own John’s Photography you are not required to file a DBA, but if you are The Photography Shop you must file. The DBA will look like this: John Smith, Doing Business as The Photography Shop.

The detriment to being a sole proprietor is that you are personally responsible for your business debts. This means if you owe debts