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Checklist for Starting a 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

Identify your competitors

Develop a marketing plan

Business transactions:

  • select a lawyer

  • choose an entity (proprietorship, partnership, or corporation, for example)

  • create your business (register your name, incorporate the business, etc.)

  • select an accountant to prepare a business plan

  • select a banker

  • get financing

  • establish a line of credit

  • select an insurance agent

  • obtain business insurance

First steps:

  • get business cards

  • obtain a lease

  • get furniture and equipment o review local building codes

  • obtain a license or permit (if applicable)

  • send off for federal and state tax forms

  • get an employee identification number (if applicable)

  • join a professional organization on line of suppliers (if applicable)

  • set a starting date


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    Disclaimer: Information is provided for educational purposes only. It is not intended as diagnosis or recommendation for treatment of disease.Please consult your physician for medical advice. No claim is made to the therapeutic benefits of any product or service listed on the HEALL web site. Copyright 2006