Are you a start-up or an aspiring business?
Individuals in the start-up or aspiring entrepreneur phase are in the early stages of developing and launching a new business. You are focused on researching, conceptualizing and testing you business idea, identifying your target market, analyzing competition and building a business model. You may also be seeking funding, forming networks and building a team. At this stage, your goal is to validate the viability of the idea and take the necessary steps to bring it to market.
Do you currently own a business?
An existing business is defined as registered with the local, state or federal government AND at least one of the following:
- Has incurred business expenses
- Has documented a transaction from the sale of a product or service
- Has acquired debt or equity capital for business operations
- Has compensated employees or contractors