Guide

How to start a business

Thousands of new businesses open every day. If all those people can do it, why not you? Here’s what to do, and when.

Download the guide to starting a business

Learn how to start a business, from ideation to launch. Fill out the form to receive this guide as a PDF.

Tips for starting a business

Starting a business requires the right legal structure and financial footing. Here are the steps to take so you can get started as soon as possible, and download our guides to state taxes, permits, industry trends, and more.

Woman working out what everything is

1. Research your idea

Your business idea is clearly inspired. But it helps to check you’re not the only one who thinks so.

2. Write a business plan

It helps to map your way from having a genius idea to a real business. Your plans don’t even have to be long.

3. Do a budget

You’ll need a rough financial plan so let’s estimate costs vs. sales, and figure out your break-even point.

4. Set prices

Work out what you need to charge to cover costs. And choose a pricing strategy that works for your business.

5. Choose a business structure

Will you be a sole proprietor, a partnership, or a company? And what's the difference anyway?

6. Sort your startup accounting

Get a few things right at the start and you’ll be sweet when it comes to tax time. Let’s demystify accounting.

7. Register your business

Find out who you have to tell about your business. And check to see if your industry is regulated.

8. Create a website

Learn what goes into a website. It’s simple and a great way to get discovered.

9. Get extra support

Once you’ve learned how to start a business, you’ll want help running it. Check Xero’s guides and templates.

Starting a Business Is Hard. Xero Makes It Easier.

From day one, managing finances can feel overwhelming. With Xero’s powerful tools, small businesses can stay organised and confident.

Why Xero knows how to start a business

Xero is home to millions of small businesses, who use our software to run their finances and accounting. About 250,000 accountants and bookkeepers use us too. We asked some of those owners and experts how to start a business, then put their insights into this guide.

Handy resources for small businesses

People asking how to start a business often find these resources helpful.

Business plan template

Download a template and map out your pathway from idea to launch.

Choose a template

Guide to finance

Need a few extra bucks to get off the ground? Learn what your options are.

Read the finance guide

Business trends report

Get a stat-packed insight into what small business owners are doing right now.

Check out report

Disclaimer

Xero does not provide accounting, tax, business or legal advice. This guide has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the content provided.

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