Owning your own business is amazing, but there is a process to setting yourself up for success that should be followed before you jump into anything. The State of Hawaii has an extensive online resource database geared to help new business. The process can seem overwhelming, but if taken step by step you can soon be the proud owner of your own company! Leeward REPAIR offers assistance with this process for individuals who want help navigating the forms and applications. Our fees are on a sliding scale based on income and we are excited to speak with you to help turn your dreams into reality!
Steps to Starting Your Business
Starting a new business on Oahu, Hawaii follows a similar process to starting a business elsewhere, but there are some location-specific considerations. Here are the general steps to starting a new business on Oahu:
- Develop a business plan: A business plan is a roadmap that outlines your company’s goals, objectives, strategies, and financial projections. It’s essential to create a comprehensive business plan that identifies your target audience, competition, and marketing strategies. It should also include information about how you plan to finance your business and your anticipated expenses.
- Register your business: You’ll need to register your business with the State of Hawaii Department of Commerce and Consumer Affairs (DCCA) and obtain any necessary licenses and permits. The DCCA website provides information on the registration process and requirements.
- Secure financing: You may need to secure financing to start your business. There are various options available, such as loans, grants, and venture capital. The Hawaii Small Business Development Center and Hawaii Technology Development Corporation offer funding and mentorship programs for entrepreneurs.
- Find a location: If you need a physical location for your business, you’ll need to find a suitable space. Consider factors such as the location, size, and lease terms.
- Hire employees: If you plan to hire employees, you’ll need to follow Hawaii’s employment laws and regulations. The Department of Labor and Industrial Relations provides information on these requirements.
- Market your business: To attract customers, you’ll need to develop a marketing strategy. Consider advertising, social media, and other promotional activities to reach your target audience.
- Launch your business: Once you’ve completed these steps, you’re ready to launch your business. It’s essential to track your performance and adjust your strategies as needed to achieve your goals.
Starting a business on Oahu can be challenging, but with the right resources and support, you can turn your idea into a successful enterprise.
If you’re looking to start a business in Oahu, Hawaii, there are several resources available to help you get started. Here are some resources that you may find useful:
- Hawaii Small Business Development Center (SBDC): The Hawaii SBDC provides free counseling, training, and resources to small business owners and entrepreneurs. They offer one-on-one counseling, workshops, and online resources to help you start and grow your business.
- Hawaii Technology Development Corporation (HTDC): HTDC is a state agency that provides funding, mentorship, and resources to technology startups in Hawaii. They offer various programs and initiatives to support technology startups, including the Hawaii Seed Capital Fund, the Venture Accelerator Program, and the Manoa Innovation Center.
- Hawaii Business Action Center: The Hawaii Business Action Center is a one-stop-shop for business information and resources. They offer information on business licenses, permits, taxes, and regulations, as well as other resources to help you start and grow your business.
- Oahu SCORE: SCORE is a national organization that provides free business mentoring and education to entrepreneurs. The Oahu chapter of SCORE offers mentoring, workshops, and online resources to help you start and grow your business.
- Entrepreneurs Sandbox: The Entrepreneurs Sandbox is a co-working space and innovation hub located in Kakaako. They offer office space, mentorship, networking events, and resources to help startups and entrepreneurs grow their businesses.
- Blue Startups: Blue Startups is a startup accelerator program located in Honolulu. They provide funding, mentorship, and resources to startups in Hawaii, with a focus on technology and innovation.
- Hawaii Venture Capital Association (HVCA): HVCA is a non-profit organization that supports the growth of the venture capital industry in Hawaii. They offer networking events, educational programs, and resources for entrepreneurs and investors.
These are just a few of the many resources available to entrepreneurs and startups in Oahu, Hawaii. With the right support and resources, you can turn your business idea into a successful venture. Reach out to schedule a consultation with us regarding your business idea or visit our article on Business Plans for the next steps.
