Starting Your Hip Hop Business

In this course you will learn the key elements to starting and running a business. These include: Who is your ideal customer? What traits best describe your potential customers? What is the best way to reach your potential customers? What are your starting costs and other starting needs?

Once you complete the training, you’ll be prepared to come up with a viable business idea and set up your business in accordance with the law. You’ll be able to create a solid business plan that helps you gain the confidence of investors and guides you during the first few years of business and beyond.

LEARNING OUTCOMES

Registering Your Business Entity

Most people can start making money by doing a service or bartering or selling goods, but very few actually take the time to make their business a legal entity.

By the end of the course you will have a great idea of which business entity is right for you, be able to register it on your own, and do what is necessary to keep your business in good standing with the state in which it is registered. This will give you liability protection and protect your personal assets.

Developing Your Business Plan

Establishing a sound and effective business plan for your business will not only ensure that you are more financially viable, you will also be prepared if something does go wrong. This course will guide you through the essentials of business planning to help you get the best possible outcomes for your business.

Your business plan will become your roadmap to chart the course of your business. But at the outset you cannot predict all of the changing conditions that will surface. So after you have opened for business, it is important that you periodically review and update your plan.

Risks & Liabilities

All successful organisations take risks in order to survive and grow, and now more than ever, they need competent people to manage those risks. Throughout this course you will understand the nature of risk management and the tools used by businesses to avoid exposing yourself to risk.

Risk-taking is almost synonymous with entrepreneurship. To start and support your own business, you’ll have to put your career, personal finances and even your mental health at stake. Risks & liabilities shouldn’t steer you away from pursuing entrepreneurship. Instead, see them for what they are: necessary obstacles on a greater path. There’s no way to avoid the risks you’ll face as an entrepreneur, but by recognizing them, you can prepare for and mitigate them.

Business Start-Up Costs

Some entrepreneurs are able to start their ventures relying solely on external funding. That usually means a collection of angel investor contributions, government grants and loans, and results from crowdfunding campaigns. But many entrepreneurs also have to dive into their own bank accounts and personal savings to get things started.

This course will go over the costs of filing for your business name and registration with your state. We’ll go over a lot more business costs you should plan for in your business plan as well.