Pick A Unique Business Name
You don’t want to find yourself in a scenario where you share a business name with one or two other entrepreneurs. For this reason, thoroughly research before picking a name.
Protect Your Name
So, you have found a business name. What next? Register the name as a trademark to prevent other entrepreneurs from using it. Because the business name is the heart of the business, you may also want to register its domain names to avoid issues with the domain name squatters in the future.
Have a reasonable Client contract in Place
A client contract determines the revenue you generate in your operations. It can be a license, terms and conditions, or reasonable user terms that ensure your suppliers and customers are satisfied. With great satisfaction, you are more likely to generate more revenue.
Allocate Responsibilities (If you have co-founders)
Good record keeping and ownership of responsibilities attract investors. Think about your business expanding and dominating the competition in a few years.
Find an Accountant and a Lawyer
Most successful businesses have an accountant and a lawyer. With the two on your team, you get valuable advice that can ignite your business in no time.
