A basic checklist for starting a Business
By Bibi Apampa HomeBusinessmentor.biz
1. Get a good business idea
2. Carry out a general research into the product / service, industry etc
3. Define your niche, the narrow the better
4. Write a mission statement that explains your niche for it to be clear in your thought process
5. research market expectations, competition, customers etc
6. Name your business
7. Decide on a legal structure – sole trader, Partnership, limited company
8.Write out your business plan
9. Establish your market and supplies
10. Decide on your location - homebased, locality or internet
11. Get licenses and permits
12. Seek Professional help e.g. Businesslink, Enterprise bureau, chamber of commerce, small business advisory services etc
13. Explore / Contact your professional team- Banker, solicitor, accountant, Establish supply lines
14. Source for finance
15. Get equipped – furniture, Computer, telephone/fax/answering machine, business management software, internet access, business
e mail etc
16. Get Professional stationary – letterheads, business cards
17. Network everywhere
18. Access employee needs
19. Develop an employee policy
20. Get “targeted education” – polish sales skills and presentation, marketing strategy,
21. Open for business
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