Business Owners 101

Today I became a business owner.

Over the years I've done some contracting on and off, but recently after talking with Mike I've really had an urge to own a business. He feels the same way. So after much discussions, much research, meetings with the SBA and bank, and discussions with other small business owners we decided it was time to take the plunge.

I plan on doing Hispanic Market Consulting. Mostly it will be translations, of which I already have some clients. I also plan on doing consulting on marketing to Hispanics, which is basically what I've been doing for the past two years, approximately. I might branch out into interpretation also, but not sure. Don't know what the difference between translation and interpretation is? Don't worry...up until a few years ago, I really didn't either. Interpretation is oral, translation is written.

Mike plans on doing some sales. Re-selling mostly. Purchasing wholesale and then selling online. You need an additional license/permit for that,and right now we don't have the capitol or space to begin that part of the business, so we'll wait for a few months. Meanwhile, he's going to research into what are good commodity products.

Today I went down to the county clerk and registered a DBA, then got a tax ID for the business. Monday we'll get the Business License and bank accounts. Who'd have know it was so easy? Now on to the marketing part of the business...how to promote the business.

Anyhow, will keep you posted.