Join Trent Knott and special guest, Mallory Manning, in this informative episode of "Starting Your Own Business: Episode 3 - Who Dare Go There" In this episode, they dive into the essential steps and practical advice for launching your business, emphasizing the importance of faith, hard work, and having the right motivations. Key Points Discussed: The role of faith and diligence in business success Introduction to guest Mallory Manning from the accounting department Insights on choosing the right business entity (LLC, sole proprietorship, etc.) Practical steps for registering your business and obtaining necessary licenses Importance of having a good CPA, lawyer, banker, and insurance agent Tips on managing taxes, payroll, and workers' compensation Personal anecdotes and lessons learned from Trent’s business journey Segment Breakdown: 00:00:00 - Introduction and Overview of Starting a Business 00:05:30 - Guest Introduction and Background 00:13:17 - Checking Name Availability and Filing Business with Secretary of State 00:15:06 - Importance of EIN Number and Opening a Business Checking Account 00:17:16 - Licensing Requirements for Business 00:20:05 - Tax Obligations and Filing Requirements 00:25:40 - Importance of Payroll Software and Quarterly Taxes 00:26:14 - Discussion on Insurance Needs for Business 00:29:09 - Building Relationships with Bankers and Importance of Communication 00:30:44 - Marketing Strategies and Importance of Parking for Business 00:33:04 - Role of HR Department and Managing Employees 00:35:36 - Closing Remarks and Encouragement for Entrepreneurship Don't miss this comprehensive discussion packed with actionable insights and real-life experiences. Remember to like, share, and subscribe for more empowering content. God bless! #Entrepreneurship #FaithInBusiness #BusinessStartup