Business startup checklist
Legal and Regulatory Compliance
Business Plan and Financials
- Identify the target market and competition
- Outline the company's mission, vision, and goals
- Detail the products or services offered
- Conduct market research and analysis
- Create a marketing and sales strategy
- Include a management and organizational structure
- Estimate the startup costs, including equipment, licenses, permits, and renovations
- Calculate the working capital needed for initial operations
- Consider potential contingencies and reserve funds
- Research and approach potential investors or lenders
- Prepare a compelling business proposal and financial projections
- Explore government grants or loan programs
- Evaluate different financing options such as loans, lines of credit, or partnerships
- Choose an accounting software or hire a professional accountant
- Establish a chart of accounts and financial reporting structure
- Implement bookkeeping processes and recordkeeping systems
- Set up a budgeting and forecasting system
- Ensure compliance with tax and financial regulations
Use in Manifestly