I’m a Solopreneur…Now what?
When I decided that I was going to be an entrepreneur, I was young, full of ideas and had no clue to the journey I was about to embark on. Now more than 20 years later, I’m still in business but there’s been plenty to digest along the way.
Today there’s so much more in place to assist you in living your purpose, accomplishing your dreams and building your empire. Whether you’re an entrepreneur, solopreneur or internet marketer, the internet is your best friend when it comes to setting up your business. Here are 5 things every solopreneur should know when starting their journey.
1. At this point you’ve decided to take the big step. One of the first decisions you need make is the name of your business. You’ll want to set up your business as a sole proprietor, Limited Liability Corporation or it can be Incorporated. Research the difference and which is best for you. Do an online search for the Secretary of State’s website for the State you live in and start the process. This will take less than 30 minutes.
2. You’ll need a Federal Tax ID number for your business. Go to www.irs.gov. This is like your business’ social security number. You’ll need it for transactions like opening your business checking account amongst other things.
3. Now that you have a business name you need to buy a domain. There are several companies like Go Daddy and Host Gator that allow you to buy your domain for less than $15. Now you have www.yourbusinessname.com which means you one step closer to opening your business to the world. These services also offer website templates or you can hire a website developer through services like elance.com to set up your website.
4. Setup a business email address with your new domain. You DO NOT want to have a gmail, yahoo, aol, Hotmail or any free email for your main email address. These are great for personal email and junkmail, but not for your business. You want people to know you’re serious. You want everything to be uniform when presenting your business to others.
5. Let’s not forget to establish your brand identity. Hire a good Branding Coach! If you’re more of a DIY person on a budget, there’s a fantastic service call Fiverr (www.fiverr.com) that is available for graphics and many other things. All services are $5. Check them out.
Following these simple steps will have you feeling more confident about your business. The great thing is that all of this can be done on a simple budget. Being a solopreneur can sometimes have you feeling overwhelmed and unsure about the next steps to take for your business, but not to worry there are tons of resources that help to guide you along the way. Just remember it’s ok to make mistakes just chalk it up to experience and start over again. Sometimes the life of a solopreneurs means tough day that bring great rewards. You’ve got this!
Felicia Phillips has been a Serial Entrepreneur for more than two decades. As Founder of The PINKpreneur Network she share's her insight through her blog for female Entrepreneurs.