Important Checklist For Starting A Business

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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