The first step to starting a business is to register a business name. It not only allows you to conveniently handle your tax issues with the government, but also acts as your first point of interaction with your customers.  That’s why every business person wants to have a catchy business name, one that resonates well with their target customer base. Unfortunately, this is not an easy task. That’s because most names are usually taken up by other entrepreneurs that have registered their businesses before you. However, don’t let the search for a business name temper your drive to get started in business.  That’s because, we have researched and compiled for you 4 tips to ensure that your company name is not already registered.

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When you’ve made the decision to become a small business owner, it seems the list of responsibilities and priorities is a never diminishing entity, a veritable beast of to-do. It is a fact not disclosed beforehand that after the success of a painstakingly drawn up business plan and the stress of sourcing your funding, then comes the real hard work. It is widely accepted that entrepreneurism will drain your time and energy, but it is underestimated just how long and intense this period lasts for: forever. Of course, as any good owner will tell you, delegation is a balm to this headache. Nonetheless, if you’ve already sorted out staffing, short of hiring any more administrative help, here are some tips to keep your start-up running smoothly in the most prioritized and rewarding way.

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Do you need an EIN, or employer identification number? This might be the question that you as a business owner are asking yourself. Whether you are a new or experienced business owner, you need to have an employer identification number for several reasons. An EIN number is your business’ identity and it enables the internal revenue service to monitor and tax your business. This 9-digit number will help you separate your personal taxes from your business taxes. This will go a long way in helping you avoid any mistakes during the filing of tax returns.

Having employer identification numbers opens up credit opportunities for businesses. Many lending institutions ask for an EIN number or a copy of the application form before giving out loans. And finally, it will save you the trouble of having to get one in the future when the business expands enough to accommodate employees. Now that we have some of the reasons why, here are some helpful tips to getting an EIN number for your business.

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When it comes to running a small business, there’s no easy day to day task that can be completed to ensure it’s a success. With more and more competition out there in various industries, it’s making it even harder for small businesses to make a name for themselves. It’s not all to do with the competition, though, and sometimes it’s the small business owners who lack the experience and knowledge to take their business forward. Here are a few of the personal reasons why you could fail your small business.

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The world is yours for the taking. That is why everyone should at least consider starting their own business. It’s the best conclusion to a lifetime in one industry. You know what makes a company successful and what makes it unsuccessful already. The only thing you have left to learn is how to build a company from the ground up. To help you succeed on your own, follow this simple guide:

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You might have read countless inspirational tales about entrepreneurs who defied the odds and went from nobody to the owner of a towering global corporation but these stories often don’t help. Reading the advice that you should “follow your dreams” and “keep working hard” doesn’t really do a lot to help you with the technical aspects of building your own business and achieving the same level of success.

Perhaps part of the reason as to why you can’t find definitive answers online is that there’s no definitive mathematical formula to creating a profitable business given that the economy and the consumer are always changing. Still, that doesn’t mean there isn’t some rough form of science when it comes starting a business on the right track. There are certainly smart business practices and not-so-smart business practices. Here’s a rough sort of rulebook to get you on your feet and underway with creating your own empire. Let’s turn that innovative entrepreneurial idea into a grounded reality.

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