checklist-for-starting-a-business

- Determine what kind of business you want to start.
- Learn about the industry for your business.
- Analyze the market for your business.
- Educate yourself on running a business.
- Name your business.
- Determine business structure (sole proprietor, partnership, or corporation).
- Write a business plan.
- Write a marketing plan.
- Locate financing.
- Apply for business license, fed tax ID, fictitious business name.
- Obtain business tools (computer, printer, fax, postage, office supplies, and fixtures).
- Order business stationery (business cards, letterhead, brochures).
- Obtain inventory.
- Hire employees.
- Revisit your business plan and update often.
- Prepare a realistic business plan.
Think of this as your business road map.
- Your business plan should encompass the financial considerations of starting your small or home based business:-
Do you have the capital required?
- Protect your family, protect your business.
Consider insurances - from health, critical illness and income protection insurance to life insurance - and consider your pension and long term financial security.
Your small or home based business has to consider its taxation situation.
Do you need to register your business for sales tax purposes; have you informed your tax office of your business's inauguration?