Business Tips from Michael Mitrow

Michael Mitrow is a successful businessman with many years of entrepreneurial achievement. With his natural aptitude for entrepreneurship, it is no wonder that Michael Mitrow has started several successful businesses. Here he offers tips on starting your own business.

Business plan. Michael Mitrow suggests seeking professional advice when writing your first business plan. This written guide will assist you in starting up and running your business efficiently and successfully. This business plan should include financial statements as well as future growth plans for your business.

Support. According to Michael Mitrow, there are many resources out there for people who are interested in starting a small business. In addition to free training and consulting services, the Small Business Administration (SBA) offers guidance and assistance with everything from creating a business plan to finding financing and a location.

Legal issues. Michael Mitrow advises that there are several steps that you must take legally when starting a new business. The first is to determine what the legal structure of your business will be and then register that business with the state government. According to Michael Mitrow, you will then need to get a tax identification number and register to pay state and local taxes.

Employees. If you are planning to hire employees for your new business, Michael Mitrow recommends that you seek legal advice so you fully understand your responsibilities as an employer.

Michael Mitrow is a successful entrepreneur who has founded several companies. By following Michael Mitrow’s advice you will have a smoother start to opening your own small business.