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