Initial Groundwork – Assess your strengths and weaknesses – Set business and personal goals – Assess your financial resources – Identify financial risks – Determine startup costs – Decide on a location for your business – Conduct market research – Identify your target audience – Identify your competitors – Develop a marketing plan
Business transactions
- Choosing a lawyer
- Choose the form of organization (for example, sole proprietorship, partnership, limited liability company, corporation)
- Carry out business opening procedures (name registration, coordination of business activities, etc.)
- Choosing an Accountant
- Prepare a business plan
- Choose a bank
- Set up a checking account for your business
- Loan (if eligible)
- Build a source of credit for your business
- Choosing an insurance agent
- Buy insurance for business operations
First steps
- Print business cards
- Check local business rules
- Sign the lease
- List of suppliers (if needed)
- Prepare tools and equipment
- Apply for a business license (if required)
- Request local business owner identification number (if required)
- Request local business owner identification number (if required)
- Submit local and national tax forms
- Join professional organizations
- Set a date to start your business
