If you have passion, knowledge and an entrepreneurial spirit then setting up a content marketing agency could be the best decision you will ever make. After all, you can be your own boss, manage your own workload and be in control of your own destiny. Here are the steps you need to take to get started.
Create a Business Plan
A business plan will help you to define your goals and how you plan to achieve them. It will help you to stay on track during those first crucial months and allow you to apply for the financing you need. This should cover things such as financing, repayment, research, and your plan of action.
Register Your Business
Before you start taking on new clients you will need to register your business and make it a legal entity. This means that you need to have a name and a company address and be registered to pay tax on your profits. It is a federal requirement that you register your business so don’t skip this stage or you could find yourself in trouble.
Set Up Your Business Entity
What tax you pay will depend on how you have registered your company. If you have set your business up alone, you may decide to register as a sole trader. If you are going into business with another person, then you may want to register your company as a partnership. If you want to keep your business and personal finances totally separate, then registering as a limited liability company may be the best option. It is prudent to seek the advice of a tax accountant before making this decision as each entity has separate tax liabilities and one may be much better for you than another.
Get the Right Licenses
You may need a license to carry out your business and the type of license you need may vary depending on the location you have set your business up in. You will need to check this before you start or the state or town you are working in can shut your business down and this could cost you dearly.
Don’t Forget Insurance
You may need different types of insurance depending on whether you are working from your home or have set up an office elsewhere, as well as if you have hired employees or are working alone. However, you will need to take out general liability insurance at an absolute minimum. Some companies won’t do business with you unless you have a certificate to prove you have insurance. Luckily, The Hartford Certificate of Liability is issued when you take out general liability insurance with them, so you can prove to clients that you are covered. The Hartford Certificate of Liability will reassure them and make it easier for clients to conduct business with you.
Once you have these things in place you will be ready to take the next step and start prospecting for business. Hopefully, your company will be a roaring success and go from strength to strength. Good luck.