The $100 MBA Show MBA2679 How To Set Up a Business for Success
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Sep 19, 2025 Transforming your side hustle into a full-fledged business can be daunting. Learn to choose the right legal structure and register your business name. Discover how to set up banking, bookkeeping, and payment tools effectively. Build a solid online presence with a simple website and track key metrics for informed decisions. Don't forget to invest early profits in professional advice to ensure smooth growth.
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Validate First, Register Later
- Do not register or brand your business before you validate with at least 5–10 paying customers.
- Treat early revenue as personal income until you confirm demand and are ready to go legit.
Pick The Right Legal Structure
- Choose a legal structure that fits your goals, like an LLC for liability protection and tax flexibility.
- Consult a lawyer or accountant to pick and set up the right entity for your jurisdiction.
Use Coworking To Find Cheap Experts
- Use local coworking spaces to find affordable lawyers and accountants experienced with startups.
- Expect setup costs to vary by country and plan for small government filing fees.