New Business Checklist

I am always wondering about information that I could have used that could have saved me time and money. Most times, it is after I have made a mistake. When starting a business, ignorance is not bliss and not having the right information can really hurt you.

Here is a "NEW BUSINESS CHECKLIST" courtesy of SCORE that will insure that you all of your ducks in a row before you start your business venture.

God Bless,
NaShawn

Preliminary Research

• 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
• decide on business organization-proprietorship,partnership,corporation
• create your business-register your name,get incorporated
• select an accountant
• prepare a business plan
• get financing
• establish a line of credit
• select an insurance agent
• obtain business insurance

First Steps

• design and order business cards
• obtain a lease
• get furniture and equipment
• review local building codes
• obtain a license or permit (if applicable)
• send off for federal and state tax forms
• apply for Employer Identification number (if applicable)
• join a professional organization
• line up suppliers if needed
• set a starting date