STARTING A BUSINESS Do you have an entrepreneurial spirit? Do you have an idea that could add to the commerce and personality of the Omaha community? Do you feel empowered to take things into your own hands and seek out new opportunities? If so, you’ve probably dreamed of owning your own business and putting your spirit to the test. Is it a little intimidating? Sure it is, but if you have the dream and the spirit to follow through, why not test your ideas and give it a try? Just be certain that you are truly dedicated before taking the plunge, because starting a business can be a bit of an arduous and highly detailed process, but the rewards can cover the price of entry. The U.S. Small Business Administration offers a 10-step plan for starting a business, which includes: conducting market research; writing a business plan; funding your business; selecting your business location; choosing a legal structure for your business; choosing your business name; registering your business; getting federal and state tax IDs; applying for licenses and permits; and opening a business bank account. As part of this entire process, we suggest working with a business coach who is a good match for you, hammer out some details, and test your grit. We talked to some savvy business coaches, an accountant, and a commercial built-construction expert in the Omaha area to get some tips for walking the path to business ownership and outfitting your business and employees for success. Dream Bigger Dreams When entrepreneurs are planning a new business, the big things are more obvious, but they often miss the little things, according to Teams.Coach Owner, Executive Coach, and Business and Creative Strategist Michael King, who can help you dig into all the details so you feel empowered throughout the process. “New business owners tend to miss the small things,” Michael said. “When you manage the small things, big things happen! For example, let's talk about ‘growth engines,’ Michael King which are the things within your organization Teams.Coach that multiply themselves. Whatever you make visible is what you attract. A new customer can lead to more new customers. A new business relationship can spawn mutually beneficial environments. As a new business owner launches their business, it can be really helpful to strategically plan to build your growth engines into your business plan.” Teams.Coach offers business coaching to executives, entrepreneurs, and business leaders. His process consists of weekly coaching calls, resources, team development, and dream sessions in which he and the client take a look at systems, strategies, marketing, branding, personal leadership development, goals, and how to make a bigger impact faster. He also has digital platforms available to suit each entrepreneur’s schedule.
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Strictly Business APRIL 2021
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