Joseph J Armato is a distinguished and successful contractor who
started Nationwide Contracting and Consulting, Inc. Joseph J Armato was a
graduate of the Sobelsohn School of Insurance in New York City.
Following graduation, Joseph J Armato went on to work in the industry
and used his experience to create his first business. As the owner of an
industry leading and flourishing company, Joseph J Armato offers advice
to aspiring business owners on how to start their first business.
- Write a business plan. The first step in opening a business is to write a business plan. Joseph J Armato states that your business plan should present the mission and vision effectively to readers. It will also map out how you will start and run the business successfully.
- Get assistance. Joseph J Armato recommends that individuals seek out free training and counseling services related to starting a new business. These services will help you further develop your business plan, secure financing, and assist in the entire start-up process.
- Choose a location. For most businesses, location is key. Joseph J Armato notes that you must establish the vision for your company, and then find a location that matches. It is important to research and get advice on customer-friendly areas that will allow your business to flourish
- Find financing. Joseph J Armato states that individuals must find adequate financing for their start-up company. Funding can come from government-backed loans, research grants, and even venture capital.
- Determine the legal structure. Joseph Armato notes that there are various types of ownership, and it is important to establish which form will work best for your company. Business owners can choose to form a sole proprietorship, partnership, limited liability company, corporation, S corporation, nonprofit, or cooperative.
- Register your business name. Once you have found financing and established the legal structure of your company, Joseph J Armato notes that it is time to pick a business name and register it with your state government.
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