Nobody downloaded yet

How to Start a Business in USA - Essay Example

Comments (0) Cite this document
How to start a business in USA: Table of Contents: Introduction 2 Importance of intellectual property 2-3 Introduction: There are many obstacles faced by an individual who wishes to start a business from step one and has to go all the way through in the time ahead…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.5% of users find it useful
How to Start a Business in USA
Read TextPreview

Extract of sample
"How to Start a Business in USA"

Download file to see previous pages In order to successfully implement a concept of retail pharmacy business, this paper strives to identify some basic steps which are required before any such activity could be started in USA. This paper will demonstrate how to start a business in Chicago, Illinois and also acts as a basic guideline for an individual who has yet to go through an actual implementation process. This paper is based on the research carried out to reveal the steps which are necessary to be taken when starting a retail pharmacy business in Chicago. Importance of intellectual property: The importance of intellectual property (IP) should be recognized thoroughly by a start-up business owner. IP is actually a legal concept and is sadly, poorly misunderstood by many people who wish to start their own businesses and think that this concept can only be appropriately applied by those people who are legal experts. Every enterprise, company or business organization should pay attention to IP. IP can help the owners at every stage of business development “from product development to product design, from service delivery to marketing, and from raising financial resources to exporting or expanding your business abroad” (World Intellectual Property Organization, n.d.). in order to maximize the benefits, business owners should know how to use the IP system. It is worth mentioning that in case IP being used belongs to others, then rights have to be acquired to use it by obtaining a license so that forthcoming disputes and litigation could be avoided by the novice individuals intent on establishing personal businesses. IP is also important to a business because it helps in copyright protection and get fair economic awards on grounds of a business’s individual creativity and product sales. Government requirements: Retail pharmacy is recognized as one of the mainstream profitable businesses in entire USA. But, area requirements should be deeply understood and assessed before implementing and operating any business concept, According to Woodfield (2012), State of Illinois Business Portal suggests that before starting up a business in Chicago, certain city, state, and federal requirements have to be fulfilled by an individual. Though he owner of a business has to get him/herself registered with the city, still “there are also state and federal hoops to jump through before you can open your doors” (Woodfield, 2012). However, the retail pharmacy business concept is exempted from obtaining Chicago city license. For that purpose, license from the Illinois Department of Financial and Professional Regulation is to be obtained by the owner (Cequea, 2012). First, a strategic and clear business plan has to explicitly written down to be shown in different registration offices later on. As Chicago distinguishes itself by being the third most populous city in USA, so the business plan should also contain a map for showing the official authorities as to how one wishes to make one’s desired business concept stand out among the rest. Chicago area-attorney and accountant, among other official authority members, have to be consulted first by an individual who is novice to the Chicago business scene. Afterwards, Federal Employer Identification Number (FEIN) should be applied for in order to get the business registered with the state of Illinois. Then one must get registered with federal government for tax purposes. The government regulations ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“How to Start a Business in USA Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from
(How to Start a Business in USA Essay Example | Topics and Well Written Essays - 1250 Words)
“How to Start a Business in USA Essay Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Start Up Shoe Business
...? Start Up Shoe Business- OPERATIONAL PLAN Table of Contents Production 3 Location 4 Legal Environment 4 Personnel 7 Inventory 8 Suppliers 9 Credit Policies 10 Account Receivable and Payable 10 Reference 12 Start Up Shoe Business- OPERATIONAL PLAN Production HIGHLOWS shoe will have three adjustable heights i.e. high heel, medium heel and low heel. All these three heights can be adjusted in a single product. The heel of this innovative product will be of hard plastic. It can be rotated to adjust the desired heights from three default sizes. This feature is the key attractive feature of the product. Manufacturing cost of this product would be $25. The company will...
8 Pages(2000 words)Essay
How to start a new business venture
...?How to start a new business venture Table of Contents Table of Contents 2 Introduction 3 Proposed Services 3 Analysis of the market in London 4 Evaluation of Management Strategies 12 Conclusion and Recommendation 13 Reference 14 Bibliography 15 Introduction The fitness and the health industry is estimated approximately ?4bn with a growth of around 1% during the recession with customer base of around seven million users which has grown 12% over the last 20 years. With this growing industry, London is one of the major contributors for the growth in UK and the potential customer base in that region can act as a great catalyst to increase the business in future. People in...
9 Pages(2250 words)Essay
How to start a new business venture
...?How to start a new business venture: Marketing Plan Table of Contents Introduction 4 2.Background of Scenario 4 3.Situational Analysis 5 3 Marco-environmental Factors 5 3.1.1.Political 5 3.1.2.Economic 5 3.1.3.Socio-cultural 6 3.1.4.Technology 7 3.2.Industry Analysis (Five Forces) 7 3.2.1.Bargaining power of suppliers 8 3.2.2.Bargaining power of consumer 9 3.2.3.Threat from new entrants 11 3.2.4.Threat from substitute 11 3.2.5.Existing rivalry 11 4.Market Segmentation and targeting 11 5.Strategic Directions 12 5.1.1.Ansoff Matrix 12 5.1.2.Porter’s Generic Strategy 13 6.Proposed Marketing Mix for the Venture 14 6.1.1.Product/Service 14 6.1.2.Price 15 6.1.3.Place 15 6.1.4.Promotion 15...
9 Pages(2250 words)Essay
Business Start Up
...Agency. They provide short courses and advisory services. One of their clients has been another confectionary, who following their advice, started putting their produce in the local retailer’s shops which gave them recognition and name. Business is all about interactions because I remember learning in my course of Marketing that people buy from people. Now as I recall this, I find that it was indeed completely true. My fellow Emily usually deals and lures the contract based customers. I have noticed that she makes the customer believe that she is their representative not ours. She talks to them about how can she save their money and how she cares about the perfect...
8 Pages(2000 words)Essay
How Did Hip-Hop Start the time was originally of Jamaican descent and referred to by his stage name as DJ Kool Herc. Contrary to popular belief, hip hop music was not originally an American invention. Although one can of course claim that due to the fact that it of all within the United States, it somehow holds the title of being American, the fact of the matter is that DJ Kool Herc was originally Jamaican and had only come to the United States three years prior to exhibiting this unique style of music within the birthday party he presided over. Before delving into the actual nuts and bolts of how hip-hop was defined within DJ Kool Herc’s individual style, it is necessary to discuss some of the primal influences that he experienced within...
5 Pages(1250 words)Research Paper
Business Start Up
... in a specific way towards goals specifically stated by the motivator. In an organization these goals, as the motivation system, must conform to the corporate policy of the organization. The motivational system must be tailored to fit the needs of the organization. Joining the world of the self-employed is very risky. Considering the freedom to choose how much time and when to work, who to work with, low operating cost, no hassle in beating the office hours, if everything goes well, earning more money is very possible without working for someone else, it is worth the risk. 2. Skills Required Entrepreneurship is a term in business that is always mistaken as something synonymous with small business. Basically, a businessman cannot... ;...
6 Pages(1500 words)Assignment
Start-up business support
...of various agricultural produce and agricultural derivatives. People and young graduates want to go into agricultural businesses, but the snag has been how to go about it. Under this sector, SUBS shall consider entrepreneurs whose business ideas correspond with agriculture and agriculture related projects. In view of this, we tend to give priority attention to the following projects if anyone or organization proposes or presents any of them to us for start-up and support: [1] Mass production of cassava and cassava end products [2] Mass production of wheat and wheat end products [3] Mass production of yam tubers and derivatives [4] Mass production of maize and by...
14 Pages(3500 words)Essay
New Business Start Up
...Running Head: NEW BUSINESS START UP New Business Start Up of Background and Introduction For the purpose of starting a new business I will introduce a new product in United Kingdom with a brand extension for parent company i.e. Radiant Co. which is based in United States of America. They have the business of skin care related products which includes different beauty soaps, different creams for different needs, cosmetics products, sun block lotions, cleansers and moisturizers etc. They have established name world wide. Now they are planning to introduce a new product to present a joint venture of their brands of beauty...
15 Pages(3750 words)Essay
Love. How to start an Business in USA
...How to start a business in USA: Table of Contents: Introduction 2 Importance of intellectual property 2-3 Introduction: There are many obstacles faced by an individual who wishes to start a business from step one and has to go all the way through in the time ahead. Though one may have many riveting business concepts, applying them in practical life forms another story and may leave one highly anxious and infuriated about myriad different aspects. Mental preparation can also come in...
5 Pages(1250 words)Essay
Small Business Start-Up
...BUSINESS REPORT MODULE Easter course work, 2012 Case study: A SMALL BUSINESS START-UP 1. Your first task is to use the information in the case to prepare this presentation – the cash flow figuresand the explanation to support them – in order to justify the granting of a loan. This requires you to set out the cash flow forecast and write the words to explain the thinking behind each element. (50 marks) Cash inflow forecast Savings £750 = This is the much amount of money that each underage entrepreneur (Michael and Jane) have decide to invests into their business from savings. This means that the total amount of money brought into the business by both the...
2 Pages(500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic How to Start a Business in USA for FREE!
Contact Us