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Starting a new business can be very fun. For some, this is the best part of the business’ life. The uncertainty and optimism of a brand-new business can be intoxicating. For others, just getting to this stage is a challenge. Today, I will present you with ten steps you need to take to get your small business off the ground right. Just because you are starting up an Internet business doesn’t mean you should jump in without thinking first.

Let’s get right into the steps.

Step One: Set up a business entitypreferably a corporation or LLC. If you are going to run a business, you should set it up as a corporation or LLC to limit your personal liability.

Step Two: Get a business phone number. Yes, I’m aware that you probably have a phone number already, but you should give your new business its own phone numbereven if it’s just a virtual number tied to your home phone.

Step Three: Set up a business address. If an office or virtual office is too expensive or just not possible, set up an address at your closest mailbox place (not the post office). Your business needs a placethat’s not your hometo receive mail and look a little more professional.

Step Four: If you are in the USA, get an EIN number. You can visit the website for the IRS to do this online. Your EIN number is like a SS# for your business. You will use it for tax purposes.

Step Five: It’s time to get a bank account. Take your business entity paperwork, EIN number and other information down to the bank of your choice and setup a business checking account. Your bank will be happy to help, and you shouldn’t need much money to open one. Some banks allow as little as $100 for the required first deposit.

After completing these five steps, you will have a legitimate business that’s ready for the future. In other articles, I’ll talk about where to go from here. Look out for my next article “Five More Internet Business Start-Up Tips,” which was released with this one.

Many new business owners are tempted to skip these stepsespecially those doing business on the Internet. The purpose of these steps goes beyond limiting personal liability and setting up a proper business. It also puts you in the mindset of a real business. If you were going to build a mansion, you wouldn’t buy a piece of land that could only fit a mobile home on it would you? Building a successful business is not just about results, it’s about the state of mind that helps produce those results.

Author runs a travel portal at TourismJunction.com. The site also features travel news.

For more business articles, visit Internet Business Entrepreneur at InternetBusinessEntrepreneur.com.

Tags: business, Internet Businessbusiness, Internet Business

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Making money at home on the internet is actually one of the easiest things you can try to do. It is easier than finding a new job in most fields and much easier than opening your own business. There are so many possibilities that it is amazing that more people are not staying at home and living on their internet income.

There is no real overhead other than a computer and the internet, and even if you don’t have that you can use your local library until you earn enough to buy a computer and get hooked up to the internet. There is really only one secret to making money on the internet.

You have to choose a program and stick to it. Yes, it would be nice to have someone there to advise you along the way and to give you tricks and tips to help you, but most of the time this does not happen. The program you decide to join will give you some marketing materials and methods, which are usually very good, but there is always other ways that should be used too.

If you are lucky to join a program and get a mentor that actually knows what they are doing pick their brain and get all the knowledge you can out of them. That is what they are there for anyway. Plus most of the time they will be making money from your success too.

Most internet entrepreneurs fail because the give up or the skip from one program to another without ever giving any of them time to develop and work. There is no success in giving up and you must stick with it even if it takes months to get a good income coming it. Once it starts to come in it will get easier and the money will get better.

Join my team and have a mentor every step of the way. You will have access to all of my secrets and me on a daily basis. Plus this program has no fee to join and will allow you to try it out as an Executive Affiliate for 60 days without an obligation. Go here to sign up for free:

Join My Team

Tags: affiliate, affililiate program, business, Home based business, home business, making moneyaffiliate, affililiate program, business, Home based business, home business, making money

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Do you do business on the Internet? Are you thinking about it? If so, one of the first steps you need to takeor do right now if you’re already doing businessis to get an EIN number from the IRS. Without obtaining an EIN, your finances can get a little confusing, but more importantly, you are opening yourself up to potential identity theft.

What is an EIN?

An EIN number from the IRS is like a social security number for your business. It’s also called a “Federal Tax ID Number.” Even if you are operating as just a sole proprietor, you can obtain an EIN from the IRS. Your EIN will be 9 digits longsomething like 20-1234567.

How to Use It & Why

If you have ever joined any affiliate-type program, you know they ask for your social security numberas required by law for tax purposes. However, providing this information can lead to many problems. Once you give the company your social security number, they now have a complete personal profile on you, which could lead to identity theft.

Even if the company is reputable, are all the employees? What about everyone with access to the data? Is their data really safe? Unlike your social security number, your EIN number can’t be used for personal credit purposes. Therefore, whenever you are asked for your social security number, you will use the EIN instead.

How to Obtain an EIN

Obtaining an EIN from the IRS is a very simple process. First, go to their website, irs.gov. On the upper left hand side there’s a “most requested forms” area. Click on Form SS-4, which is the application for an EIN. It’s a PDF and you can usually fill it out in your browser and print it. You can fax or mail this form into the IRS.

If you want to apply online for an instant EIN, enter “online SS-4″ in the IRS’s search box. Usually, the second listing will be the online SS-4 page. Follow the procedure to get your new EIN fast.

The Smart Thing to Do

Obtaining your EIN number is the smart thing to do. You can get it online instantly or fax in the form and have it quickly. Another smart thing to do would be to set up a LLC or corporation. Limit your exposure and potential for identity theft and get your EIN number from the IRS today.

Jason A. Martin is a copywriter and entrepreneur who runs an Internet business blog at InternetBusinessEntrepreneur.com. He also owns a travel & vacation guide website at TourismJunction.com.

Tags: business, ein, identity theft, Internet Business, irs, taxesbusiness, ein, identity theft, Internet Business, irs, taxes

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