It's easy to believe that you should dive right into creating a business plan. On top of this, it's good to get excited about this aspect of launching your company. However, before you get too far ahead of yourself, there are some things you must first do.
Intellectual property: Trademarks, patents and copyrights
The terminology intellectual property refers to a protection of any creation that an individual has been inspired to make. Intellectual property laws protect against someone, who didn't create that work, from taking it and financially benefiting from it as if it were his or her own. It's believed that by having intellectual property protections in place, it helps spawn both social and economic development of society.
What is intellectual property?
As you form your business, a top priority is protecting it from thieves and copycats. You do this by using such legal tools as copyrights, trademarks, patents and agreements on confidentiality, noncompetition and licensed use.
These mortgage mistakes could delay your home closing
Once you find the home of your dreams and you're ready to make a purchase, it's important to turn your attention to the process of securing a mortgage.
What are the most common small business tax mistakes?
The last thing you want to do is make a tax mistake as it relates to your small business. Not only can this cost you a lot of money, but it can also take time to get things back in order.
Does your business plan have a marketing component?
When creating a business plan, it's imperative that you focus on all the most important details. This includes a marketing strategy that will help you get your message out to your target audience.
