Best Ways To start a company

surfkid39 said:

Is it better to start by yourself or with a partner?

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It really depends on the situation. Do you need the help? Are you really prepared to split the profits?

Start writing down all of the tasks that need to be done to start up and operate your business (ie Legal, Financial, Design, Merchandising, Supply Chain, Production, Marketing, Sales, Distribution). The figure out which areas you are good at and want to focus on. Then figure out which areas you can outsource to professionals. If there are no areas left, then you can start by yourself. If there is a gaping hole that needs to be filled, then maybe finding a partner is a good way to go.

The biggest value of a partnership is when each partner brings a different skill set to the table that ultimately compliments each other to make the business successful. Just make sure you document what each partner invests and what each partners responsibilities are. And then based on that, figure out what each partners ownership percentage should be. And each partner should understand that ownership includes being liable for expenses and losses, not just revenue and profit.

surfkid39 said:

Is it easier hiring designers or doing the work yourself?

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Are you a talented, professional designer who can create artwork that specifically fits the target audience of your brand? If so, then do it yourself. If not, then hire a designer.

surfkid39 said:

What are all the legal things you need to do?

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Do a Google search for "starting a business in (your state)." You will find plenty of resources with great info on what you need to get started.

But generally, you need to register your business, apply for tax id number and apply for a sellers permit.

surfkid39 said:

Is outsourcing cheaper then printing in the US? Also what countries are good for outsourcing or are better?

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Overseas production is usually cheaper than domestic production. But, minimums are very high and there are shipping and import costs as well. Unless you are ordering thousands of units, you are better off using US suppliers and local printshops.

If you did want to outsource overseas, China and India seem to be the most common. If you wanted to look into South America production, Honduras is pretty common.

surfkid39 said:

Is it a good idea to go to companies who used recycled material or are "go green" companies even though it may be more expensive.

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Depends on your target market. Are you developing a brand targeted towards consumers who will value - and pay extra for - an eco friendly product?

First of all i am saying sorry for my bad English
Just tried to give you some advice from my long experience.But i am new in this forum.

Q:1) Is it better to start by yourself or with a partner?

Ans: Actually it is totally depend on you.If you think your target business can be start with your own capital and you don't need anyone for giving any suggestion to you and you can take all the advantage and disadvantage alone then you should do business alone.
But if you think your current capital is not enough for start your targeted business then you can take someone as your business partner .But always try to remember one think that ,always keep a professional relationship in business with your partner even if he is your own brother.cz where come the issue of $$$ there don't work any humanity and feelings .and you both should be sacrifice mentality.

Q.2) Is it easier hiring designers or doing the work yourself?

Ans:If you think that your mind have the quality of making design then do it without break.But also take some help of other designer also cz different people has different thought and different people has different choice .And you will do business not for exhibition of your design.so ,no problem to buy another good design.

Q.3)3) What are all the legal things you need to do?
Trade license ,Hosting ,Domain<Bank account,Tax paper.IRC etc. also depend on country where you live.

Also try to hire some online marketing expert if you sell your products on t-shirt

Q.4) Is outsourcing cheaper then printing in the US? Also what countries are good for outsourcing or are better?

Its depend on your order quantity .But always outsourcing is cheaper and all the bigboy do that.
in my printing house we pay only $50 per month salary to our labors.is it possible in usa ?thats why we sometime face problem to delivery products on time .where my workers works 24hours a day.8 hours each shift.
i am from Bangladesh

Q.5) Is it a good idea to go to companies who used recycled material or are "go green" companies even though it may be more expensive.

Ans:Think big .Do green .dream to become a brand owner one day.But at first for taking experience you can use company who do recycle .


Sorry for all mistakes my expert brothers in this forum .