This document outlines 5 things to consider when starting a social media business: 1) how services will be packaged across different social media networks, 2) how clients will be found, 3) what credentials and certifications are needed, 4) the importance of establishing a business presence online and offline, and 5) establishing a process for onboarding, managing, and reporting to clients. The outlook for social media entrepreneurs is described as exciting but these 5 factors must be addressed to successfully launch and run a social media business.