How to Start Your Own Business   CO 439

Introduction to Starting a Business …

• The Idea
• Testing the idea
• Protecting the idea

 Key Issues for Starting a Business …

•  Finding good people
•  Structuring the business
•  Understanding cash flow
•  Finding the money
•  The business plan
•  Starting out on the right foot

 Insurance, Legal Requirements, and Information Sources …

• Workers’ Compensation – when required and how obtained
• Need for liability insurance
• Information sources
• Adhering to State and Federal laws