Be aware of the personal and business tax implications of starting your own business. Self-employment tax will double and individuals contribution to social security and Medicare taxes. Property tax is collected on all personal property owned by a business. Find the best location for your business. You can get information on traffic patterns on state highways.
Some local governments have information on city and county roads.
They may also have information on local population demographics. Observe pedestrian movement during business hours to estimate walk-in potential. Check with the local city and county government regarding any special business regulations, sales taxes, personal property taxes and zoning restrictions affecting your business. Seek management advice and counseling. Assemble your team of professional advisors, i.e., an accountant, an attorney, an insurance broker, a real estate agent, etc.