PLAN 1: The Business Model
One of the first steps one needs to take is to decide what type
of business one wishes to develop. Then, start a business plan - complete with short term and long term goals.
Why organize your business?
Starting and managing a business takes motivation and talent. It also takes research and planning. Although initial mistakes are not always fatal, it takes extra skill, discipline, and hard work to regain the advantage. Take time beforehand to explore and evaluate your business and personal goals, then use this information to build a comprehensive and thoughtful business plan that will help you reach these goals.
Developing a business plan will force you to think through some important issues that you may not otherwise consider. Your plan will become a valuable tool as you set out to raise money for your business, and it will provide milestones to gauge your success.
What is a Business Plan?
A business plan precisely defines your business, identifies your goals, and serves as your firm's resume. The basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make good business decisions.
As for the business name, just start pitching names. Write down several on paper and talk them up.
Here is a link to FAQs regarding the small business:
Small Business related FAQ's
business - Answers to Your Startup Legal Questions
Some of the questions/answers may apply to you. You can, once you've decided to start a business, seek out a business planner (attorney/CPA) to assist you.
Incorporation? A big decision as well:
Should I incorporate my business?
BlueSuitMom.com: Money: Legal - Should I Incorporate My Business?
LegalFilings.com, Incorporate, Incorporation, Incorporation Services
I knew what business I wanted to start and just took the plunge. Came up with a name, started a mail merger of business contacts, created business cards/letterhead, created a website, developed/created/printed newsletters, developed a logo, incorporated as LLC, etc.
We all have much to consider. I wish ya'll much luck with each and every business. If I can be of assistance, please do not hesitate to contact me via private message and/or post here.