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business startup checklist

Conduct market research to identify target audience and competition

Develop a business plan outlining goals, strategies, and financial projections

Determine legal structure of business (sole proprietorship, LLC, corporation, etc.)

Secure necessary permits and licenses

Create a budget for startup costs and ongoing expenses

Secure funding through loans, investors, or personal savings

Set up business bank account and accounting system

Obtain business insurance coverage

Choose a location for business operations

Purchase necessary equipment and supplies

Hire and train employees

Develop a marketing and advertising plan

Obtain an Employer Identification Number (EIN) from the IRS

Set up payroll system and comply with labor laws

Protect intellectual property with trademarks or patents

Develop a website and social media presence

Create marketing materials such as business cards, brochures, and flyers

Establish pricing strategy for products or services

Develop a sales strategy to attract customers

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