Background work
1. assess your strengths and weaknesses
2. establish business and personal goals
3. assess your financial resources
4. identify the financial risks
5. determine the start-up costs
6. decide on your business location
7. do market research
8. identify your customers
9. identify your competitors
10. develop a marketing plan
Business transactions
1. select a lawyer
2. choose a form of organization (proprietorship, partnership, or corporation, for example)
3. create your business (register your name, incorporate the business, etc.)
4. select an accountant
5. prepare a business plan
6. select a banker
7. set up a business checking account
8. apply for business loans (if applicable)
9. establish a line of credit
10. develop the mission
11. obtain business insurance
First steps
1. get business cards
2. review local business codes
3. obtain a lease
4. line up suppliers (if applicable)
5. get furniture and equipment
6. obtain a business license or permit (if applicable)
7. get a federal employer identification number
8. get a state employer i.d. number (if applicable)
9. send for federal and state tax forms
10. join a professional organization
11. set starting date
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