business start up checklist
1. Business Idea Development
2. Business Planning
- Research industry trends and market needs.
- Define business objectives and mission statement.
- Include sections on products, operations, and management structure.
- Draft an executive summary highlighting key points.
- Revise and format for clarity and professionalism.
- Identify specific, measurable objectives to achieve.
- Set a timeline for each goal's completion.
- Align goals with overall business vision.
- Prioritize goals based on importance and feasibility.
- Review and adjust goals regularly as needed.
- Analyze competitors and their offerings.
- Identify what sets your business apart.
- Focus on customer benefits and values.
- Craft a clear and concise USP statement.
- Test USP with target audience for feedback.
- Define target audience demographics and preferences.
- Choose marketing channels (social media, email, etc.).
- Develop messaging that resonates with your audience.
- Set a budget for marketing activities.
- Plan for tracking and analyzing marketing effectiveness.
- Estimate revenue based on market research.
- Project expenses, including fixed and variable costs.
- Create cash flow forecasts for at least three years.
- Include break-even analysis and funding needs.
- Review projections for realism and adjust as necessary.
Use in Manifestly