Build a business

Starting a business has never been easier! Take charge and be the change you want to see in the world. There are so many benefits to starting a business!

Want to be your own boss?

See a problem and want to fix it? That is your business idea, now let's set you up to succeed and make your impact on the world!

There are many perks to starting a business:

  • Unlimited income potential
  • Freedom to work when and where you want
  • Be an expert in your field
  • Flex your creative side

Don't have an idea yet? No problem! Here are some ideas to get you started.

The keys to success

In the internet age it is the best time in history to be an entrepreneur! You can quickly learn just about any skill for free online or finding a freelance professional to help you. You can leverage free online resources to plan and organize your business. Automate your business so you can do more in less time with fewer errors.

First you need to discover why you want to be an entrepreneur. Do you want to help people? Generate passive income? Be seen as an expert in your industry? Maybe you enjoy the freedom of not having to answer to a boss. Discovering a "why" is paramount when starting a business. This will drive you when times get tough and you question if the effort is worth it. Finding meaning in our work is often overlooked and also happens to be one of the most rewarding aspects of starting a business.

Envision how your business will function, how it will make money, and how it will grow. Finding talented confounders and employees can make or break your new company. At the same time, trying to do everything yourself can hold back your vision in the long run. "If you want to go quickly - go alone. If you want to go far - go together"

Types of entrepreneur

Online business

Ecommerce, software as a service, and freelancing are all great online businesses to start
Low startup cost
Passive Income
Indirect customer engagement

Brick and Mortar

Starting a restaurant/bar, service, or retail store are common small brick and mortar businesses
Socially rewarding


Will you create a product or find a way to have your product created for you?

Find a Trade

Will you be providing a service, either online or in person?

Challenges of owning a business

Starting a business requires you to learn a variety of different skills quickly. You will need to make sure your business stays in legal compliance, handle the marketing to reach new customers, and set up separate accounts to organize the business finances. This is all in addition to actually running the business that you set out to start in the first place!

Part of the startup expertise is learning all of the legal requirements and processes to follow. ClinkUp does not offer legal advice so these matters should be worked out with professional legal help to ensure you have it right. One of the first things to consider is to incorporate your new business with an LLC (limited liability company) or an S Corporation. These will also need you to register for a tax id number so your business can stay on the good side of the IRS. Another consideration is to properly inform your customers of how you run your business and their information. A great resource for creating privacy policies, terms of services, and refund policies is a website called TermsFeed.

The startup costs are an initial hurdle to overcome. These are industry-specific so you will need to do your own due diligence to plan for all startup costs. There will most likely be a period of time where your business profits are not enough to cover your expenses. You will either need to factor this into the business loan or continue to work at a job to maintain an income. This is where maintaining separate bank accounts and credit cards becomes very important. Mixing personal and business accounts might seem like the easier solution initially but will cause problems when filing taxes and determining when you are profitable enough to work for your business full time.

Another hurdle to overcome is standing out from the competition. Providing value to your customers is crucial in growing your business but is easier said than done. Finding your niche and exceeding customer's expectations will lead to loyal customers that will want to share your business with people around them. Who does not love free marketing? However, you cannot rely solely on word-of-mouth advertising. You will also need to have an online advertising strategy, maintain a social media presence, and maybe even local advertisements.