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Business Start-Up Ideas

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Resources: Business Start-Up Checklist

Print this guide and check off the steps as you make your way to the opening day of your new business.

Background Work

assess your strengths and weaknesses
establish business and personal goals
assess your financial resources
identify the financial risks
determine the start-up costs
decide on your business location
do market research
identify your customers
develop a marketing plan

Business Transactions

select a lawyer
choose a form of organization (proprietorship or partnership for example)
create your business by registering your name, incorporating the business, etc.
select an accountant
prepare a business plan
select a banker
set up a business checking account
apply for business loans (if applicable)
establish a line of credit
select an insurance agent
obtain business insurance

First Steps

get business cards
review local business codes
obtain a lease
line up suppliers
get furniture and equipment
obtain a business license or permit
get a federal employer i.d. number
get a state employer i.d. number
send for federal and state tax forms
set a starting date

 

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