When you get an idea to start a business your whole life changes. Everything becomes a ball of confusion. You just know that you have this great idea and your ready to find a way to get your business off the ground.
Well most people don’t realize it’s so much more to starting a business. I’m going to help you with a business checklist that you can use to give you a guideline on all the steps you need to complete to start your business the right way.
By following these steps to start a business you will have all the things accomplished to have a fighting chance at having a successful business.
Do remember you can actually download the check list for free. Just click the link below and put in your email and the check list will be sent to your inbox.
- Choose A Business Name
- I believe the name of your business sets the tone for the direction of your business. Check other business names and trademarks to confirm that it’s available. Reserve your name and register your trademark.
- Purchase a domain name and website hosting.
2. Choose your business form
- Sole proprietorship
- LLC
- S Corp
- C Corp or Non Profit
3. Make Your Plan
- Gather and read websites, articles, books and anything you can get your hands on about your type of business
- Research all laws and regulations affecting your business
- Calculate whether your business will produce a profit in the short term or long term.
- Plan your sources of capital.
- Plan your sources of goods or services are.
- What type of services your going to provide or what
- Products are you going to sell.
- Plan you’re start up marketing efforts. Facebook ads, Youtube ads, Google ads, Intagram ads and Tiktok ads. Don’t use all at once but just focus on one platform first and learn as much about that as possible before moving on to the next.
4. Choose The Location
- Check out who or what location best suites your business and then look where your competition is. If your company is digital this doesn’t apply to you.
5. Obtain Necessary Licenses
- City
- County
- State
- Federal
6. File Needed Tax Registration
- Obtain a federal EIN on irs.gov
- Obtain necessary state tax identification number if needed.
7. Choose Your Bank
- Every business should have a business checking account.
8. Set up a book keeping system
- Keep track of receipts and business purchases.
- Learn quickbooks or get someone that does.
- Keep your personal and business accounts separate.
9. Get Insurance
- Only certain type of businesses need insurance from the start check out the regulations in your state and find out what type of insurance you’re going to need.
- This checklist is just an outline of what to do when starting a business. It’s generic because it can be inter tangible with different types of businesses. Again if you want to down load the check list and have it access to download it and print out for later reference check out the link here.
Thanks for watching its the man
The myth The Wealthbuilder himself
DeVaughn Put in Work Burke
Signing off for Business Start up Check list 2023
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