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- The Business Plan
- Conduct a proper market research analysis
- Know the trends, forecasts, developments, opportunities, risks, competitors, etc.
- Decide whether you will pursue this venture full-time or part-time.
- If you are in a relationship, discuss this lifestyle change with your partner.
- Write a business plan.
- Choose your company name
- Register company with the appropriate authorities.
- Choose the hours and days of operation for your business.
- Outline a monthly and annual budget.
- Make plans how to get funding / financing
- Find investors and consult with your bank.
- Investigate business startup courses and seminars
- Getting started
- Obtain required business licenses and permits.
- Choose a legal form for your business: limited liability, sole proprietorship, partnership or corporation.
- Form a legal entity
- Acquire an Employer Identification Number.
- Obtain company contact information: telephone and fax number, email address, post address.
- Open bank account
- Get a merchant account.
- Find a financial advisor.
- Find business insurance.
- Find a lawyer.
- Find a tax advisor.
- Find an accountant.
- Find a notary.
- Become familiar with regulations and compliance requirements.
- Register trademark, copyrights, logos, patents, etc.
- Find a real estate agent to help you source a property.
- Sign a lease contract for your new office or production space.
- If you're moving to new office, find a moving company.
- Consider using mail box rental services.
- Find office equipment supplies
- Make sure your office has a high speed Internet connection.
- Create a floor plan for your new office space.
- While starting to run
- Select your accounting software
- Write a sales and marketing plan.
- Create a customer service policy.
- Register domain name for your website.
- Hire or outsource IT services.
- Post available jobs
- Find a recruitment company.
- If you have staff, find payroll services.
- If you will have employees, become familiar with labor laws.
- Find a web hosting company.
- Create a website. Make a site map for content and functionality.
- Find a web designer.
- Find a graphic designer.
- Short-Term Preparations
- Find a search engine optimization SEO company to increase your presence on the web.
- Create marketing material
- Think of signs if you have a storefront, sales literature, stationery or business cards.
- Take advantage of networking opportunities to build your business
- Write and distribute a press release announcing your new business.
- Find an answering service solution for when you can't take phone calls.
- Look into telemarketing companies
- Explore virtual office options for added services at a low cost.
- If you have an office, look into professional cleaning companies
- Make sure you set up a green business!
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