KANSAS CITY, MO--(Marketwire - November 12, 2010) - Andy Willoughby, entrepreneur and founder of the 3 Step Plan Home Business System, reviews business strategy tips for entrepreneurs who want to launch a business in 2011 (www.3stepplan.com). Small firms employ half of all working Americans and create two out of every three net new jobs in the U.S. economy (http://tinyurl.com/38xrgvx), according to a White House blog.

Andy Willoughby, who is the founder of the 3 Step Plan, said that goal setting is the first vital step in launching a business. "Goals are the foundation of a business. The process of goal setting allows an entrepreneur time to reflect on the business model and the direction of the business. After the goals are set, they act as guidelines for business endeavors," said Willoughby.

Willoughby offered additional tips about starting a business (www.andywilloughby.com).

  • Set up the right tax entity. Check with an attorney regarding whether you need a LLC, corporation or sole proprietorship.

  • Hire the best attorney to ensure there are no mistakes with the company's establishment, legal documentation, taxes and ownership.

  • Determine how the company will produce revenue and sell products or services in the first year or more.

  • Keep things simple for five to seven years to ensure production costs are easily maintained.

  • Make sure to hire the best and brightest employees.

Many other tips from experts available at www.andywilloughby.com  

Entrepreneur Andy Willoughby developed a program that strives to reach three important goals: to get at least one adult in the family back in the home full-time, help individuals get out of debt and improve overall quality of life. The 3 Step Plan is the one home business system that has survived the test of time. After nearly 10 years of helping families build home businesses, it is still going strong. Twitter @3stepplan

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Valerie Jennings