Start a business, in order

From a rough idea to a registered company with its own bank account, insurance and books.

Series 9 steps 1 hr 39 min of reading

Start with step 1: Pick an idea you can test cheaply

The 9 steps, in order

  1. Step 1 Pick an idea you can test cheaply 50 Best Business Ideas for Beginners in 2026: Cheapest, Easiest & Profitable Starting a business doesn’t require a big investment or years of experience. Many beginner-friendly businesses can be launched from home with minimal startup costs, some for under $100. Below, you’ll find carefully selected business ideas for beginners, organized by online opportunities, local service businesses, creative ventures, and high-income potential paths. Whether you want a flexible… 29 min read
  2. Step 2 Write a one-page plan One-Page Business Plan: The Step-By-Step Guide A one-page business plan is the fastest way to validate your business idea and get started. Got a business idea that won’t let you sleep? Perfect. In the next 15 minutes, you’ll transform it into a clear, actionable plan that fits on a single page. No MBA required. Fast track: One-page business plan template Creating… 7 min read
  3. Step 3 Choose a name How to Choose a Business Name That Builds Your Brand Knowing how to choose a name for your business that stands out and supports long-term growth is essential. It involves more than creativity and requires a clear process to brainstorm ideas, test for fit and emotional impact, check legal availability, and ensure it works across digital and marketing channels. In this guide, I walk you… 10 min read
  4. Step 4 Pick a legal structure LLC vs S-corp vs C-corp: What Is the Best for Small Businesses? The limited liability company (LLC), S corporation (S-corp), and C corporation (C-corp) are three popular business structures that can be used for asset protection and income strategy. Think of choosing between these three business entities like roommate arrangements. An LLC would be akin to having an opportunity to share responsibility for the bills and home… 5 min read
  5. Step 5 Form your LLC What Is an LLC and How to Start One A limited liability company (LLC) is a form of business that protects a business owner’s personal assets from legal claims against the business. Unlike with limited partnerships, protection extends to all members of the LLC, including those with managerial authority. If the election to tax the LLC as an S corporation (S-corp) is made, then… 6 min read
  6. Step 6 Get an EIN How to Get an Employer Identification Number (EIN) An employer identification number (EIN) is a unique nine-digit number that identifies your small business when you file taxes, open a business bank account, get a business loan, or perform other business activities. Obtaining an EIN is free, and you can apply for it online, by fax, or by mail if your business is in… 4 min read
  7. Step 7 Open a business bank account How to Open a Business Bank Account in 2026 in 7 Easy Steps Opening a business bank account is an important early step that sets the foundation for how your business manages money. From paying expenses to tracking cash flow and preparing for tax season, the right account can make day-to-day financial management much easier. In this guide, we walk through how to open a business bank account… 14 min read
  8. Step 8 Get insured 7 Best Small Business Insurance Companies in 2026 Finding the best small business insurance companies is not just about price. It’s about choosing a provider that offers the right coverage, a smooth quote and purchase process, and reliable support when you need it most. The best insurance for small business owners will depend on your industry, risk level, and how you prefer to… 12 min read
  9. Step 9 Set up your books Top Bookkeeping & Accounting Tips for Small Business Owners (2026) Discover top bookkeeping and accounting tips for small business owners, organized into six key areas to improve cash flow, accuracy, and decision-making. 12 min read

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