{"id":5482,"date":"2022-11-18T10:34:47","date_gmt":"2022-11-18T15:34:47","guid":{"rendered":"https:\/\/ability-fl-prod.internetbrands.com\/ability-law\/smallbusiness\/starting-a-business\/nine-tips-for-starting-a-successful-business.html"},"modified":"2026-05-20T11:26:00","modified_gmt":"2026-05-20T16:26:00","slug":"nine-tips-for-starting-a-successful-business","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/smallbusiness\/starting-a-business\/nine-tips-for-starting-a-successful-business.html","title":{"rendered":"Nine Tips for Starting a Successful Business"},"content":{"rendered":"\n
\n

Nine Tips for Starting a Successful Business<\/h1>\n\n
\n
\n By Lee Hall, Esq.<\/a> | Legally reviewed by Catherine Hodder, Esq.<\/a>\n | Last updated\n
\n

Editorial Note: We earn a commission from affiliate partner links on FindLaw. Commissions do not affect the editorial integrity of our legal content.<\/p>\n\n <\/div>\n \n

\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
\n

This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
\n

The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n\n\n

\n
\n
\n

Key Takeaways<\/h2>\n

Among the tips for starting a small business is picking the right business structure to protect your personal assets, creating a sound business plan, and complying with local, state, and federal regulations.<\/p>\n\n <\/div>\n <\/div>\n<\/div>\n\n\n

Starting and running a business takes a blend of skills. Successful entrepreneurs<\/span> are creative and determined. They share a strong sense of ethical responsibility, a love of learning, and an interest in the relevant law and policy \u2014 and, of course, people.<\/p>\n

Starting a business with thoughtful preparation pays off in money and time. Here are nine tips for successfully getting your venture up and running.<\/p>\n

Form your LLC with confidence.\u202fOur trusted partner LegalZoom has packages starting at $0 + filing fees.<\/a><\/i><\/b><\/p>\n

1. Write a Well-Researched Business Plan<\/span><\/h2>\n

Your\u00a0business plan<\/span><\/a>\u00a0shows the structure and potential of your new business<\/span>. You can start writing your business plan<\/span> now with a\u00a0template<\/span> from the Small Business<\/span> Administration<\/span> (SBA<\/span>)<\/a>.<\/p>\n

Your business plan<\/span> should lay out your company\u2019s value, operational structure, key clients, and finances. Here are nine common components of a sound business plan<\/span>:<\/p>\n