New Business Checklist

Before you launch into your own business, there are dozens of details to be considered - from the momentous to the almost (but not quite) trivial.  Here is a checklist covering many items you need to take care of.

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