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Starting a New Business Owner Checklist

If you have decided that you want to start your own company, this starting a new business owner checklist summarizes all of the steps you will need to learn about and complete in order to get your new business up and running. Some of the steps may not be applicable to your particular business, or there may be some additional steps you will need to cover. But in general, this represents the progression followed by any new business startup.

Choosing a Business

  • Determine what business sector best suits your abilities and personality.
  • If you have a new business idea, determine if it can be turned into a business.
  • Research the market and the competition.
  • Determine if you think you can fill a niche.
  • Part-time or full-time?
  • Home business or office business?
  • Owner operated, or a business with employees?

    • Planning Your Business

  • Join any organizations that support new businesses or your particular business.
  • Decide how you will finance your business.
  • Write a business plan.
  • Write a marketing plan.
  • Select a lawyer, accountant and other advisors, if needed.
  • Register your business as a legal entity - corporation, LLC, etc.
  • Open a business bank account and apply for credit line, if planned.
  • Apply for a Tax ID number.
  • Apply for appropriate permits and licenses.
  • Arrange for insurance.

    • Launching Your Business

  • Rent space, equipment, furniture, etc.
  • Hire employees.
  • Design, build and launch a website.
  • Implement business plan and marketing plan.
  • Begin selling your product or service.


    • This starting a new business owner checklist can seem both overwhelming and laughable, because your work and sweat are boiled down to nothing more than bullet lines of text. What's helpful is to remember that one step leads to the next and that you will eventually get to that point when you open your doors for business, and you're on to a whole new checklist of how to find customers, satisfy customers and grow your business.


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