Get a resale license after your first sale, and pay the sales tax at that time. Keep good records for when you do get involved with the government, but keep your priorities straight. F 3 Depends on the nature of your business. If you're opening a flower shop, get a beautiful place in a good location. However, if you're starting a consultancy, do it out of your home until you're making good money.
Nothing sinks a business faster than excess spending.
If you have a job, try not to quit it until you're bringing in some money. That job can provide much needed capital, and can let you exit gracefully from the business if you decide that business isn't for you. H 1 Hire only those people you must. Good place to start is a salesman, if he or she is good and will work on commission. Remember, when you hire your first employee you'll need an accountant and a lawyer, so try not to hire anyone.