Important Checklist For Starting A Business
BB lee (C)2005
If you are an aspiring business owner you probably have a
good idea for a business startup. Frequently aspiring
business owners do not give adequate thought to the
particular steps warranted to get their venture started
successfully.
It is important to remember that all business ventures
require a certain amount of pre-planning and the
dreaded paper work to get started.
We've compiled a list of the major steps most home or
small business owners may need to complete...depending
on their business. Adapt them to fit your situation.
Step 1
Match your skills to a business.
Establish your goals.
Research the business idea.
What you will market.
Legal issues.
Target customers.
Are you willing to be a sales person.
Determine cost to advertise.
Determine time frame before you realize a profit.
Step 2
Prepare business plan
Prepare a marketing plan.
Select a business name.
Verify that you may use the business name.
Check zoning laws.
Prepare your home office.
Register your business name and get certificates.
Apply for business license or permits you may require.
Step 3
Place advertisements of your intent to do business.
Install business telephone line.
Purchase insurance.
Look into health insurance for self employed.
Apply for sales tax number if applicable.
Investigate tax requirements.
Open business checking account.
Print business cards and stationary.
Purchase equipment and supplies.
Order inventory.
Print sales material.
Send out publicity releases to local media.
Place ads in local papers.
Tell everyone about your new business.
Join local chamber of commerce.
Set a start date.
Most home business owners achieve success through careful
planning and following important steps to set up their
business. Many of those key steps are found in this
article. Each step will lead to and support the following
step making the possibilities for success stronger.
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BB Lee is editor of SmallBizBits News
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