Starting · 9 steps
Starting my business
Time to turn your idea into a legal entity with first customers. The biggest stage by step count — most founders spend 12–24 months here.
- STEP 01
Business validation
Business validation ensures there's a market for your product through market research and customer feedback.
- STEP 02
Build your product or service
Product development requires identifying market gaps, designing solutions, and iterating based on customer fee…
- STEP 03
Develop your brand and marketing strategy
Brand encompasses overall perception; includes logo, values, and consistent messaging across platforms.
- STEP 04
Write your business plan
Business plans help attract investors, secure loans, and guide business decisions.
- STEP 05
Registration and licensure
Utah's Business Registration registers with three state agencies simultaneously: Tax Commission, Commerce, and…
- STEP 06
Establish business operations
Separate business bank accounts keep personal and business finances distinct and build credibility.
- STEP 07
Obtain funding
Funding sources include loans, grants, venture capital, angel investors, competitions, and crowdfunding.
- STEP 08
Find office space
Coworking spaces provide cost-effective, flexible work environments for entrepreneurs.
- STEP 09
Pay your taxes
Utah taxes are administered by the Utah State Tax Commission.