BmoreNews.com
  • Latest News
  • Black Wall Street
  • Business
  • Stocks
  • Politics
  • Videos
  • Login
  • Register
  BREAKING
Frontline News – May 22, 2023 (Re-Broadcast) June 6, 2023
Black #Blockchain Brunch : #DeFi Risk Factors June 3, 2023
Black #Blockchain Brunch : Special Guest Jamie Miner June 3, 2023
Black USA #Crypto News : World Warming Up to Regulation, #Ethereum Cartel & More June 3, 2023
The Black Business Round Table: CADEM Convention & Barack Obama Shaw 2026 6.1.23 June 1, 2023
Shared Space May 29th 2023 Veterans Day announcements May 30, 2023
People Over Politics Hosted By The Cannabis Councilman Ft. J Guzzone May 29, 2023
Black #Blockchain Brunch : @EBCrypto + Family Cash Machine x D.E.B.T. May 28, 2023
Black USA #Crypto News : Regulatory Woes & AI Developments May 28, 2023
Learn How To Do Business With The State of Maryland May 26, 2023
Next
Prev
No Result
View All Result
Subscribe
Live
  • Home
  • News
  • Politics
  • Business
  • Editorial/Op-Ed
  • The Glover Report
  • Black Wall Street
  • Video
  • Polls
  • Questions
  • Forum
Live
No Result
View All Result
BmoreNews.com
Live
Home Business

Create Your Business in Just 8 Hours by Ashley Taylor

Doni Glover by Doni Glover
October 21, 2022
in Business
0 0
A A
0
Image via Pexels

Image via Pexels

ADVERTISEMENT

(BALTIMORE – October 21, 2022) – Starting a business is the perfect way to be your own boss, make money, and do what you love all in one package. Many people get discouraged because it seems too challenging, but it’s possible to get your dreams off the ground. In just eight hours, too — if you know how! Keep reading for these tips from BmoreNews.

9:00am – 11:00am: Set Your Business’s Goals
When it’s your business, you come first. What kind of day-to-day life do you envision? Are you working at night or in the morning? The business you choose needs to correspond to the life you want to lead.

Perhaps just as important, what are your financial hopes? Be realistic — both in terms of how much you want to spend in the first year, and how much you want to profit (if anything).

11:00am – 1:00pm: Choose Your Business Type
Now it’s time to get specific. Figure out what your business is. Whether it’s e-commerce, retail, or logistics, make sure it’s crystallized in your mind. Spend time developing your target customer as well. Once you understand that, marketing becomes much easier.

1:00pm – 2:00pm: Choose Your Business Structure
It’s important to decide on the structure of your business. The two most common types are:

RELATED TOPICS

Learn How To Do Business With The State of Maryland

MWMCA Memo: Registering Your Company in the MWBE Virtual Vendor Catalog is the First Step in Doing Business with UMMS

NOW ACCEPTING NEW CLIENTS: Excellent Hearts Home Care Services. Call 443-515-3653 TODAY!

Sole proprietorship. A sole proprietorship is the most common type of small business structure and the default choice when conducting business in the U.S.

Limited liability company. An LLC is a business setup that protects personal assets (like homes and vehicles) in the event of business bankruptcy. For business owners really looking to start strong, this may be a good option. Besides keeping your personal assets safe, LLCs provide an excellent tax situation. Because the IRS classifies technically LLCs as sole proprietorships, you can use pass-through taxation, meaning no corporate taxes need to be paid and can instead be “passed through” the owner’s individual taxes. The easiest way to form an LLC in Maryland is to work with a formation service.

Buy JNews
ADVERTISEMENT

2:00pm – 2:30pm: Get a Business Bank Account
A business bank account is an essential piece of your organization’s financial health. It offers financial protection for your business and separates your personal finances from your business’s, all in one. Plus, it’s easy to create and should take just a half-hour.

2:30pm – 4:30pm: Market to Your First Customers
Reaching out to old friends and colleagues via email or phone to offer your services is an easy way to get your business started with a few solid customers.

When used correctly, social media can help you to reach a wider audience, build brand awareness, and drive traffic to your website. There are a number of different ways to use social media for marketing purposes, and the best approach will vary depending on your goals and target audience. However, some general tips for using social media for marketing include creating engaging content, using hashtags and keywords, and running targeted ad campaigns.

Start off your campaign by using a free online banner creator to create a customized banner for social media pages. Choose from a variety of templates and add your own text and design elements.

4:30pm – 5:00pm: Hire Freelancers to Fill in the Gaps
It’s difficult to do it all alone. Luckily, we live in a thriving gig economy. For any problems you can’t figure out, professionals on sites like Upwork and Fiverr are available to make your life easier. From art design to legal help, they’ve got your back.

ADVERTISEMENT

A Final Word
Starting a business is a fulfilling and challenging endeavor, and it’s possible to lay the foundation in just eight hours — if you follow this guide!

Tags: Create Your Business in Just 8 Hours
ShareTweetShareShareSend
Doni Glover

Doni Glover

A journalist since 1994, he also founded DMGlobal Marketing & Public Relations. Glover has an extensive list of clients including corporations, non-profits, government agencies, politics, business owners, PR firms, and attorneys.

Related Articles

Emmy-nominated Doni Glover Show
Business

MWMCA’s Wayne Frazier and Colleagues on Next Doni Glover Show, May 8, 9 am EST

by Staff Reporter
May 6, 2023
0
22

(BALTIMORE – May 5, 2023) – Tune in Mon., May 8 at 9...

Read more
Apply Today for DPW’s Small Business Development (SBD) Training Program
Business

Apply Today for DPW’s Small Business Development (SBD) Training Program

by Staff Reporter
May 3, 2023
0
30

Do you want to take your company to the next...

Read more
www.thearamide.com
Business

Come to Grand Opening of ARAMIDEs Closet, 13499 Baltimore Avenue, Laurel

by Staff Reporter
May 1, 2023
0
17

(BOWIE - April 30, 2023) - Please join me to support...

Read more
Women 2 Watch Summit
Business

Women 2 Watch Summit, May 5th: Register now at Metawomenofcolor.com 

by Staff Reporter
April 29, 2023
0
17

Don't miss out on the Women to Watch Summit on...

Read more
Procurement Opportunities with Dept. of Commerce, MD Stadium Authority
Business

Procurement Opportunities with Dept. of Commerce, MD Stadium Authority: Thurs., May 18, 2023, 5:30-7:30 pm

by Staff Reporter
April 29, 2023
0
18

(OXON HILL - April 28, 2023) - Calling all business...

Read more
"Meet the Primes" is an annual event by the City of Baltimore's DPW to help small MBE and WBE businesses to win contracts.
Business

DPW’s “Meet the Primes” Accented Need for Unbundling Contracts

by Staff Reporter
April 27, 2023
0
187

(BALTIMORE - April 26, 2023) - Let Robert Harrington tell...

Read more
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Goddesses

July 20, 2022
0

RED TAILS: Lt. Col. Bob Friend, Tuskegee Airman: BMORENEWS com 2.29.12 – Pt. 2

July 24, 2022
0

People Over Politics Hosted By The Cannabis Councilman Ft. Jorge Benitez

March 24, 2023
0
ADVERTISEMENT

Popular Stories

  • Damon Hughes, Black Business Champion

    Guest Editorial: Damon Hughes Tribute

    0 shares
    Share 0 Tweet 0
  • Power Couple Marc Clarke & Allison Seymour to be Recognized at Black Wall Street DMV, Feb. 3rd

    0 shares
    Share 0 Tweet 0
  • HBO’s “The Wire” Actor Richard Burton to receive BMORENews Lifetime Achievement Award

    0 shares
    Share 0 Tweet 0
  • BMORENews.com EXCLUSIVE: Former State Sen. Nathaniel J. McFadden, Part 1 of 2

    0 shares
    Share 0 Tweet 0
  • A Real Westside Story: The Men of Matthew Henson #29 Still Connected After Half a Century

    0 shares
    Share 0 Tweet 0
BmoreNews.com

BmoreNews.com is an online news outlet based in Baltimore, MD established in 2002. Yes, this is our 20th Anniversary year. We primarily cover news and developments from an African American/Black perspective.

LEARN MORE »

Recent Posts

  • Frontline News – May 22, 2023 (Re-Broadcast)
  • Black #Blockchain Brunch : #DeFi Risk Factors
  • Black #Blockchain Brunch : Special Guest Jamie Miner

Sections

  • Black Wall Street
  • Business
  • Editorial/Op-Ed
  • News
  • Politics
  • The Glover Report
  • Uncategorized
  • Video

Newsletter

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • About
  • Privacy Policy
  • Terms of use
  • Advertise
  • Press Release
  • Contact

© 2022 BmoreNews.com - Created by Sawah Dev.

No Result
View All Result
  • Latest News
  • Black Wall Street
  • Business
  • Stocks
  • Politics
  • Videos

© 2022 BmoreNews.com - Created by Sawah Dev.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In