I can tell you there is a lot that goes into starting your own business.
As a business owner, there are tons of things you will need to remember in order to manage your business. When I was in law school, I found acronyms to be extremely helpful with assisting me in remembering things I needed to keep with me forever.
In fact, I find them so helpful I’ve established a few acronyms to assist business owners as well.
Let’s take starting a business, for example. There are a lot of things you will need and steps you need to take to form a business in the United States
I, however, have broken these things down into one simple world BUSINESS. If you just remember the word BUSINESS, you will always have the details of what you need to set up shop in the United States.
Here’s a breakdown of my version of the BUSINESS acronym
- B is for Business Concept
- U is for Unique Business Name
- S is for Structure
- I is for Identify Business Location
- N is for Notations and Paperwork
- E is for Empowerment
- S is for Setting Up the Books
- S is for Setting Up the Taxes