Our Blog

Mergers may help overcome hurdles to an initial public offering

Growing and expanding a business in Pennsylvania comes with unique challenges that may result from a variety of external market factors. Changes made to governmental regulations, customer preferences and an increase in competitors may often affect a company's...

What should I know about business law?

If you are a resident of Hazelton, Pennsylvania, and you are considering starting a business, then there is a lot to know about business law. Business law is a broad system of rules that touches on how you will form and run your enterprise.  The laws touch on how you...

Can you improve your estate plan?

When you create an estate plan, you do not create it and then forget about it. If you want your loved ones taken care of and your wishes honored, you need to update your estate plan regularly, according to Forbes.  When was the last time that you reviewed your...

Laputka, Bayless, Ecker & Cohn, PC
One South Church Street
Suite 301
Hazleton, PA 18201

Toll Free : 800-582-6452
Phone : 570-861-5905
Hazleton Law Office Map

Introductory guide to starting a small business

 

Starting up a business involves preparation in numerous different areas, including financial planning and developing a marketing strategy.

If a person living in Pennsylvania is looking to start up a small business, there are a lot of potential ways to go. Particularly in a digital age where marketing is easier than ever, more and more people are starting to consider the potential benefits of operating a business either on an individual or cooperative level. Whether aiming for entrepreneurship, or looking to fulfill a need in society by rendering some kind of service or focusing on something different and unusual, it is important for anyone looking to start up a small business to consider some strategies for success.

Advertising is a requirement

Whether it’s making a business card to give people and tell them about a business, or putting a commercial on the television or radio, there must be some kind of public outreach to let people know. Even a restaurant with great food and a big sign on a major road will still fail if its dining room does not get filled with hungry customers. One important angle to consider hitting is the social media front. The nice thing about having a solid presence in social media is that people who follow a page will tend to share it with their own followers, creating a snowball effect that allows news of a new startup to spread to additional audiences beyond the initial target.

Make a financial plan

Starting up a business is an expensive endeavor, and will typically require some form of borrowing, whether it is from a commercial loan, crowdfunding or asking a friend to lend his or her services. The less expenditures there are, the better. Take an inventory of all of the costs to starting up a business to make sure that they are significantly less than the projected earnings. It is worthwhile to get differing perspectives and even to meet with a financial consultant.

Get input from others who have experience

Beyond talking to a consultant about financial decisions and loans, there are a lot more questions that each individual involved in starting up a business may have. Is there a pioneer or veteran business-owner in the field? Such a person could potentially have excellent advice to offer. Even the opinions of family and friends should not be ignored or discredited. They may point out things that were noticed before from other perspectives.

Starting a business in Pennsylvania can lead to great success, if executed correctly. It is advisable that someone looking to do so proceeds with careful planning. In this planning or in dealing with a challenge that unexpectedly arises, an attorney in the local area who practices business and commercial law may be able to provide helpful advice and legal counsel.

Our Blog

Mergers may help overcome hurdles to an initial public offering

Growing and expanding a business in Pennsylvania comes with unique challenges that may result from a variety of external market factors. Changes made to governmental regulations, customer preferences and an increase in competitors may often affect a company's...

What should I know about business law?

If you are a resident of Hazelton, Pennsylvania, and you are considering starting a business, then there is a lot to know about business law. Business law is a broad system of rules that touches on how you will form and run your enterprise.  The laws touch on how you...

Can you improve your estate plan?

When you create an estate plan, you do not create it and then forget about it. If you want your loved ones taken care of and your wishes honored, you need to update your estate plan regularly, according to Forbes.  When was the last time that you reviewed your...

Laputka, Bayless, Ecker & Cohn, PC
One South Church Street
Suite 301
Hazleton, PA 18201

Toll Free : 800-582-6452
Phone : 570-861-5905
Hazleton Law Office Map