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How to Start a Small Business: A Guide for Parents With Disabilities

By January 25, 2021August 25th, 2021No Comments

Being a parent with disabilities can take up a lot of time, and starting your own business can be an overwhelming addition. It is possible, however, to have it all with a bit of thought and preparation. There are many different ways to find funding, get your business plan together, and hire great employees to help carry out your vision. Here are some tips from Greenslant on how to get your small business up and running.

Find Your “Why”
Investors and customers will want to know what purpose your business serves, and it’s essential that you are clear on this before moving forward. Not only will it function as the basis for your business plan, but it will keep you motivated and clear on why you chose to start a business when you face challenges. There are entire books devoted to finding your “why,” so spend a little time discovering what your primary motivation is, and the rest of the process will be a lot smoother.

Write an Impactful Business Plan
A business plan is your roadmap for building your business. It is also what investors will want to look at when deciding whether or not to support your company. It is of the utmost importance that your plan is well thought out and complete for these reasons. According to the Small Business Administration, a traditional business plan is very detailed, and you will need to include the problems your business addresses, market analysis, company organization, and marketing information, among other things.

Find Your Funding
One great option for funding your business is a government grant, which does not need to be repaid. In addition to opportunities from the government, other organizations offer grants specifically for companies started by owners with disabilities. In addition to grants, there are small business loans, which are sometimes unique to your state. Research all of your options online first to find the funding that fits your needs.

Protect Yourself Legally
If you’re still wondering, “How do I start a business in Florida?” you’ll find that paperwork is a large part of starting a business. You will need to look into forming an LLC to limit your liability. Creating an LLC can give you tax advantages, less paperwork, and increase your flexibility as a business. In addition to your own research, you may want to contact a lawyer to make sure everything is set up correctly and handle any copyrights or patents you may need to design and sell a specific product.

Market Your Business
Once you’re done developing your plan, finding funding, and getting your business up and running, you’ll need to focus on marketing to build a customer base. Using social media is a primary marketing strategy today, but traditional advertising or some outside-the-box ideas can also be great. Investing in help in development and marketing from Greenslant can set your business apart with the most up-to-date advertising strategies. Online and social media tactics are constantly evolving, and it can be hard to stay on top of new trends and protocols when you have to focus on other aspects of your business, too.

Launching a business can be one of the most challenging undertakings you will have in life, but it can also be one of the most rewarding. By taking advantage of grants that are unique to disabled business owners, enlisting marketing help, and creating a solid business plan, you can move forward knowing you’ve taken all of the necessary steps toward a thriving business. Schedule a call with Greenslant today.