1. Define your business: What product or service will you offer? Who is your target market? What makes your business unique? Answering these questions will help you focus your efforts and make better decisions down the road.
2. Develop a business plan: This document will outline your goals, strategies, and financial projections. It will also be essential if you need to secure financing from investors or lenders.The Employee Retention Credit (ERC) was authorized under the CARES Act and encourages businesses to keep employees on the payroll.