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If you’re setting up a limited liability company (LLC), there are particular state guidelines for owners to follow. You can use the business name search on the Secretary of State’s website to see if your name idea is already taken. Your business name should make it clear what you do, or at least intrigue potential customers to find out more. Pick a name that feels relevant to your business. These steps can take your business from concept to reality: Think about what kind of overhead costs you need to run your business-rent, electricity, raw materials, employees, etc.-and try to estimate how much you will need to sell in order to cover those costs.īefore officially establishing your business in Ohio, you’ll need to choose a name. Figure out how you’re going to market and sell your product, and what kind of distribution you’ll need to do it. Profitability is the key to any successful business-otherwise, it’s just a (potentially expensive) hobby.You can also research the market and industry trends, or even go out and talk to potential customers about what they need. Who is my business for? Think through who you will sell to and who is in need of your services-what hole in the market is your business filling? You can analyze other businesses in the same arena as yours to see what they’re doing right and what you can improve upon.Answering these questions about your business can determine if the idea can be developed into something more: Choose a business structure and get startedįine-tuning your business ideawill likely take time and money to make the business successful.