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The first thing you need for your business is the name. Yes, the name is very important. With the way people use the internet, you will also need to look online for a Domain Name for your business. You do not want to be without one. Your business will have more opportunity down the road to grow and more accessibility if you have one. It is a simple investment. They run between $10 to $15 per year. That is a few cups of coffee, a few sodas or a lunch out. That is a really cheap investment that will benefit you in the long run. That will also allow you to see if someone else already has the Domain Name of the company that you would like to begin. It saves headaches down the road with duplicate names. It is easier to figure it out now instead of trying to fix it later. My wife and I have done this when we have talked about doing business on the side. Before we did anything else, we first looked at available domain names. Later, if something did not come from it, we were only out $12 or less. That’s not to say that we do it on a regular basis, but it has been helpful a few times. If you are going to start a business, don’t skip this step. If don’t have at least this much to invest in your new startup, then you may want to reconsider starting at this time.
In the next step, you will see why the first step is so crucial. Really. I promise. Come back and find out. You won’t regret it.