Guide To Running A Business

1. Running a Business

Next Read: Small Business Laws: Staying Legally Compliant

Running A Business

Running a Business

By
May 25, 2023 • 5 min read
Small business owner smiling
Table of Contents

      Learn how to run a small business

      Running a small business takes hard work, dedication, and strategy from start to finish. Read here to learn more about the process.

      STEP
      1

      Stay legally compliant.

      From tax obligations to employment rights, it’s important for you to know the small business laws that apply to your organization.

      Learn more about small business laws.

      STEP
      2

      Define your business operations.

      Business operations are the day-to-day process and routine tasks that make up your business.

      Learn more about why business operations are crucial.

       

      STEP
      3

      Launch your brand.

      To successfully launch a brand, you’ll want to be intentional and strategic in your efforts.

      Learn about launching a brand.

      STEP
      4

      Find the right supplier for your small business.

      As a business owner, finding reliable suppliers is crucial for running your operation successfully.

      Learn how to find suppliers.

      STEP
      5

      Get your product in stores.

      Getting your product in stores can be a huge boost to your bottom line.

      Learn how to get your product in stores.

      STEP
      6

      Handle your business’s imports and exports.

      Importing and exporting goods is an important part of international trade today.

      Learn more about handling your business’s imports and exports.

      STEP
      7

      Learn how to create estimates for products and services.

      Creating estimates for your customers is easier than you think.

      Learn how to create an estimate.

      STEP
      8

      Learn how to negotiate contracts.

      Before making an agreement in the business world, you will likely have to negotiate a business contract.

      Learn some contract negotiation strategies.

      STEP
      9

      Learn ways to grow your business.

      Once you start a business, your next focus may be how to sustain and grow that business.

      Learn how to grow your business.

      STEP
      10

      Manage your small business finances.

      One of your most important duties as a small business owner is managing your company’s finances.

      Learn how to navigate your business finances.

      STEP
      11

      Manage your business taxes.

      Managing your business taxes is complex and complicated.

      Learn how to manage your business taxes.

      STEP
      12

      Protect your business from cybersecurity threats.

      Cybersecurity should be a fundamental concern of every small business. You need to spend time, effort, and money on keeping your technology and data secure.

      Learn about cybersecurity.

      STEP
      13

      Sell your small business.

      Selling a small business is a complex process that requires careful planning and preparation.

      Learn the steps you should take to sell your business.

      STEP
      14

      Transfer business ownership.

      It may eventually become necessary to transfer business ownership for a multitude of reasons.

      Learn about transferring business ownership.

      About the author
      Lendio

      Lendio's team of experts is here to help you with every nook and cranny of your business. We'll make sure you have the best advice for financing, operations, management, hiring, and much more.

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