For many millennials, the idea of being your own boss is appealing. So, if you’re interested in starting your own company, what’s the first thing you should do? Who should you rely on for advice? Who should be your first hire?

We sit down with our CEO for 15 minutes each week to get practical business advice so we can advance in our careers. On this episode, we chat about what to do if you want to start your own business…

Key Takeaways

• I would start by creating a S Corporation – basically a company that isn’t just your name (i.e. David Blackburn)
• Make those first few hires strategic. What work can you not do yourself – hire that out
• Establish profiles on all appropriate networking platforms so you can get your name out there in front of people
• Don’t waste your time chasing people who won’t pay you what you’re worth and on the flip side, don’t run after a client that will never consider you because you’re biz is too small
• Pay your taxes
• Consider setting up a PO Box so you’re not giving out your home address to people
• Write a business plan
• Master the financial metrics of your business
• Make sure you’re using social media to network