Start a Business: The First Steps to Getting Your Idea off the Ground

Turn Your Idea Into a Business With a Strong Start

Starting a business can feel daunting, no matter the industry. If you have a business degree, you may build skills that can help you navigate the process and work toward your goals.

Start With a Business Plan That Guides Your Decisions

The road begins with writing a comprehensive business plan, one that helps you identify goals, explore your business market, and assess your competition. Your plan should also flesh out what differentiates your business, detail how it will be structured, outline a sales strategy, and—perhaps most importantly—create financial projections.

Consider Location, Funding, and Business Structure Early

Early on, you’ll need to determine where your business will operate, taking zoning laws into account. From there, consider how you’ll secure financing—whether through venture capital, government-backed loans, or research grants—and decide on the best legal structure for your business, such as a partnership, sole proprietorship, S corporation, LLC, or cooperative.

Register Your Business and Organize Tax and Insurance Requirements

Once you’ve chosen a name, you’ll need to register it with the government, secure a tax identification number from the IRS, and set up tax and insurance records. This includes registering for workers’ compensation, unemployment insurance, and disability insurance. Be sure to confirm wage reporting and tax obligations at the federal, state, and local levels.

Confirm Licenses and Permits Before Moving Forward

Many businesses require specific licenses and permits at the local, state, and federal levels. Make sure you’ve identified which ones are necessary for your business before taking the next steps.

Understand Employer Responsibilities and Current Requirements

As a business owner, you’ll need to understand your responsibilities as an employer. This starts with following hiring laws, including verifying employees’ authorization to work in the U.S. and completing Form I-9 within the required timeframe. Additionally, some states require reporting new hires to official directories within specific timeframes.

Keep Building the Foundation One Step at a Time

Starting a business involves juggling a lot of responsibilities, but it also gives you the chance to apply your knowledge, build new skills, and create something meaningful. Taking the time to build a strong foundation and plan can make all the difference.

If you’re looking to strengthen your business skills and turn your goals into reality, consider exploring programs like AIU’s Bachelor of Business Administration with a Specialization in Entrepreneurship. This program is designed to provide the tools and knowledge needed to navigate the challenges of starting and growing a business.

Want to learn more? Speak with an AIU admissions advisor to explore your options and take the first step toward your entrepreneurial venture.

AIU cannot guarantee employment, salary or career advancement.
Not all programs are available to residents of all states. REQ2207436 03/2026