How to open your business in the USA: a step-by-step guide
Hello friends! I just got home from work (today was a shortened day until 11pm). I got home quickly, there are no cars and the highway can theoretically be used as a runway. Hehe. ???? Soooo. I promised to tell you in the next article about our small business on the Internet. Here we go!
My first appeal will be to the skeptics. Sometimes I find it funny how people reason. “What business is on the Internet? These are all fairy tales for fools, an attempt to extort money from people. " I'm wondering where all this comes from? This is where such a closed consciousness comes from? Is this all born in the USSR and instilled in childhood? That you need to plow like Dad Carlo, and maybe you will get some money? It may even be possible to go to Sochi once a year.
If even after reading my article you still have some skeptical thoughts, please do not waste your and my precious time, you do not need to comment and convince me that my business is not working. I don't want to prove anything to anyone. My article is for those who came to my site with a mind open to new horizons. I love such people. Come in, sit down.
P. ... Time is 1 am. Did I tell you that on the way to work I listen to an audio book about the life of Steve Jobs? Very motivating. Even at one in the morning.
Internet business online - how it all began
Once, wandering through the vastness of YouTube, I came across an interview with a guy from Ukraine named Igor Kustov, who was talking about business on amazon. om. I don’t remember what I was looking for then, but definitely something related to business (I had my own store on ebay). This video motivated me so that my mother does not cry, and from that day it all began. As it turned out later, it was basically the most informative video of Kustov, where he shared some secrets of doing business. All other videos like “buy our course to learn more” contained ZERO useful information. An acquaintance of mine even bought a course (which, by the way, costs $ 2,000). $) and then won back the money for a long time, i.e. even in this paid course, the comrades asked for even more money for the course "another level".
I started reading and watching a lot of videos about business on Amazon. I just couldn't be stopped. I thought it was just a great idea, a perfect business model where you can travel the world and make money. Hope everyone knows about the amazon site. om? If not, google it rather. This is an American site that was started by then 30-year-old Jeff Bezos in 1994. Quoted from Wikipedia:
Amazon. om began as an online bookstore and has expanded to a variety of products and services, including video and audio streaming. It is currently the world's largest online sales company.
Talking about motivational quotes. LOVING IT!
This photo even hangs on my Facebook page. In 1994, no one believed in Jeff either. And he just went and did it.
Despite the popular claim that business ideas are in the air, most of our compatriots are much more accustomed to the practice of borrowing fresh and atypical approaches to entrepreneurship from the West. This is not surprising, because most often business ideas from the United States are distinguished by their freshness, creativity, originality of implementation, profitability and innovation. This phenomenon can be explained by the presence of many factors - this is the mentality and obsession of Americans with making money on absolutely everything that surrounds them, monetizing any activity and taking advantage of unexpected areas of life.
However, a relatively favorable period for its development and prosperity played the biggest role in the formation of America as a "progressive" country for small and medium-sized businesses.
Household business ideas
America is a country where, other things being equal, most people prefer to live in their homes. No wonder the symbol of America is a one-story house. There are many business ideas, both large and small, associated with housekeeping and helping.
These can be activities related to walking dogs and cats, or temporary keeping pets while the owners are on vacation or business trip. Even a half-hour walk with the dog will be an invaluable service to owners who do not have enough time for this. She will be generously rewarded.
Often housewives do not have time to maintain the house, and business ideas related to cleaning, cleaning both the whole house and individual areas may be suitable options. Washing windows, clearing snow or mowing the lawn: this type of business assumes that the main goal is to free the client from the routine household chores.
Installation and maintenance of solar panels
Another type of entrepreneurship is related to home life support systems. More and more houses and cottages are supplied with autonomous power supply systems. There is a wide field for the installation, maintenance of solar panels and wind generators, as well as management systems for this complex economy.
The fashion for smart homes is gaining momentum in the world. Part of the functions of security, life support and solving everyday problems are taken over by automated systems. You can profitably organize the maintenance of the software of devices associated with the internal systems of the house - air conditioning and heating.
Owner of Russian America
The World Bank's 2021 Doing Business rankings rank the United States as the 8th easiest to do business in the world. That is why businessmen from all over the world are trying to open their own business in the States.
The founder of Russian America, Yuri Mosha, in this column gives a step-by-step guide to starting a small business, with which you can properly formalize everything legally and start your business in a matter of weeks.
What is Small Business in the USA
The US Small Business Act defines it as an enterprise:
- which employs no more than 500 people;
- whose assets do not exceed $ 5 million;
- whose annual profit does not exceed 2 million dollars.
The US government encourages citizens to start their own businesses and provide a completely loyal environment for doing business. There are rumors on the net about inadequate taxes or excessive additional payments, but this is all nonsense. The real level of taxes is only slightly higher than Russian ones. At the same time, the entire tax system is absolutely transparent and understandable for a businessman.
For non-residents, the conditions for starting a business are absolutely the same as for citizens.
Step Choosing a business organization
There are 4 main forms of legal business organization in the United States. Each of them has its pros and cons, so before registering, you need to decide what is right for you.
Sole proprietorship. This type of business is the easiest in terms of legal formalities. You will have to fill out a lot less different pieces of paper than in other types.
SP is ideal for the service industry. It is most often chosen by lawyers, accountants, private doctors, hairdressers, manicurists and other specialties of the service sector.
What business to open in the USA for an immigrant
As a result of immigration, the US population increases by approximately one million inhabitants each year. At the same time, almost 80% of new citizens are planning in the future or are already working on building their own business. Immigrants from the CIS countries, who often have much greater prospects on the American market than for other ethnic groups, are no exception. Therefore, when considering what kind of business to open in the USA for an immigrant, you can consider both classic models and fundamentally new ideas for yourself.
American Small Business with Medium Capital
The most popular types of entrepreneurship in the United States are trade, manufacturing and catering. To implement in these areas, you will need an interesting idea and start-up capital from $ 50,000 to $ 300,000.
What is profitable for a Russian immigrant to trade in the USA
In this category, you can open both a regular retail outlet and an online store. For the first option, it is necessary to take into account that, in contrast to domestic realities, in the states, private shops are significantly inferior to large corporations and literally work for self-sufficiency, and therefore, without proper experience, it is better not to open points of sale for shoes or clothes, especially branded ones. As a rule, such a business takes a lot of personal time and in this light the following options will be more profitable:
- Small outlets (islands) in malls or entertainment centers with souvenir (handmade soap, candles) or small-scale products (sunglasses, jewelry, accessories, small gadgets). Americans do not skimp on useful little things and often spend very decent sums on them.
- Vending machines. A significant share of the market in this direction is reserved for large corporations, but this applies only to products such as drinks, snacks, contraceptives and hygiene products. The very principle of shopping through vending machines attracts Americans, and therefore, if you have an interesting and fresh idea, you can quickly develop your own global network. For example, recently in the United States, vending machines selling disposable chargers are gaining popularity.
- Fresh flowers. Unlike the domestic market, flowers in America are bought not only for a gift, but also for decoration of events, reception offices and simply for decorating a home interior. Therefore, your own business in this area can bring good income to its owner. At the same time, the fact that you are an immigrant from the CIS in such a business may even become your advantage, creating a kind of brand.
A vending machine sells casual Uniqlo apparel in a New York mall
In the field of e-commerce, you can choose almost any direction, the main thing is that specialists with excellent knowledge of the language and minimal accent work in the call center of your store. Ordinary Americans are distrustful of foreigners and it is better not to focus on your origin. The most popular and cost-effective types of goods for an online store can be called:
- Animal feed and goods. This type of product is in high and constant demand, and therefore, if you supplement such a business with subscription services, you can quickly develop a permanent customer base and receive a stable profit.
- Watches and small gadgets. In this direction, it is not so much shops that work well as landing pages. In contrast to the domestic market, American consumers feel free to shop online, due to the efficient operation of postal services, which allow delivery on the same day of order. At the same time, they are greedy for fashionable little things and accessories, and therefore, with the right choice of goods, you are guaranteed success.
Which production will be profitable in the USA
If you have a good starting capital from $ 100,000, you can open your own production. At the same time, there are two directions in which you can achieve high results:
Hello friends and readers of blogfreo. u. Today we will consider what kind of business to open in the United States, whether it is worth doing it and whether it is possible to obtain American citizenship through your own business. I will try to tell you in detail about all the intricacies and nuances of the registration procedure, I will list the benefits for non-residents, the difficulties they will have to face and the privileges for potential business women. At the beginning of the article, I will answer the pressing questions of those who have almost made up their minds, and then I will tell you about what may be of interest to those who are just starting to think. And "for a snack", according to my tradition, I will leave all the most interesting, that is, the original and most promising business ideas.
Can a non-resident open a business
Friends, in the United States, in terms of starting your own business, there are no restrictions for citizens of foreign countries. Any resident of Russia, Kazakhstan, Ukraine and other countries can occupy a free business niche in America. The difference is only in the registration process (a little more checks) and the amount of costs (more duties), but still, registration will take much less time and effort than at home, since all procedures can be passed through the Internet. The only drawback is that it is very difficult for foreigners to get a loan from American banks. It is at this stage that they will have to face a lot of conditions and a bunch of restrictions, but this is all solvable.
So, it is quite easy for a non-resident to open a company in the United States, but working in it as a private person will not work. To do this, you need to legalize in the country, for example, officially transfer yourself from the Russian office to the newly created American branch under the Multinational executive transfer program, but in this case, a number of conditions must be met:
- The person being transferred must have held a management position for more than three years, and have lower-level managers who also have subordinates. That is, the Russian representation cannot have only two or three people.
- Your company must generate stable income for at least a year.
- You will be allowed to start work only if the new activity matches the one that was successfully carried out at home.
Such a visa will not make an immigrant a citizen. It is issued for only 5-7 years. We will talk in more detail about the ways of legalization in the USA through business a little below.
Does a tourist visa give the right to start a business
Friends, in fact, you can open a business in the USA with any visa and even without it at all (from home via the Internet and a resident legal representative), and with a tour visa you can within 3 years to make business trips without hindrance and to resolve emerging business issues on the spot. Since last year, such visas have changed their format and are issued in two versions:
- B1 - tourist.
- B2 - for business travel.
Since we are talking about business visas, let's list their main types and see what opportunities they provide: