Starting a self-owned business involves planning, making key financial decisions, and completing a series of legal activities, Keep your business running smoothly by staying legally compliant. The licenses and permits you need for your business will vary by industry, state, location, and other factors. Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business. Your business plan is the foundation of your business. It’s a roadmap

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