Business start checklist

Legal and Administrative Requirements

Determine the legal structure of your business (e.g., sole proprietorship, partnership, corporation)

Obtain an Employer Identification Number (EIN) from the IRS

Open a business bank account

Set up accounting and record-keeping systems

Obtain necessary insurance coverage (e.g., liability insurance, workers' compensation)

Determine if you need to collect and remit sales tax

Business Planning and Finances

Create a comprehensive business plan, including market research and financial projections

Secure funding for your business (e.g., loans, grants, investors)

Set up a budget and determine pricing strategies

Develop a marketing and advertising plan

Establish relationships with suppliers and vendors

Determine your pricing and payment policies

Location and Facilities

Determine the ideal location for your business (e.g., home-based, leased office space)

Research zoning regulations and obtain necessary permits for your chosen location

Set up your physical workspace or office

Purchase necessary equipment, furniture, and supplies

Install necessary technology infrastructure (e.g., internet, phone systems)

Human Resources and Staffing

Determine your staffing needs and create job descriptions

Develop a hiring process and conduct interviews

Complete necessary paperwork for hiring employees (e.g., I-9 forms, tax forms)

Provide training and orientation for new employees

Establish an employee handbook outlining policies and procedures

Set up payroll and benefits systems

Marketing and Sales

Create a website and establish an online presence

Develop a branding strategy and design a logo

Create marketing materials (e.g., brochures, business cards)

Set up social media accounts and develop a social media marketing plan

Identify target customers and develop marketing campaigns to reach them

Establish sales goals and develop a sales strategy

Operations and Inventory

Develop standard operating procedures (SOPs) for your business processes

Set up an inventory management system

Determine your supply chain and establish relationships with suppliers

Implement quality control measures

Develop a customer service plan and provide training to staff

Create a system for tracking and fulfilling customer orders

Legal and Financial Compliance

Understand and comply with all local, state, and federal regulations related to your industry

Keep accurate financial records and file necessary tax returns

Comply with employment laws and regulations (e.g., minimum wage, overtime)

Protect intellectual property through trademarks, copyrights, or patents

Establish data protection and cybersecurity measures

Obtain necessary permits or licenses for specific activities (e.g., liquor license, health permits)

Remember to adapt this checklist based on the specific needs and requirements of your business.