New Business CheckList

New Business Checklist
The best place to start in building a business is to ask yourself some basic questions. You may not have all the answers you need right now, but exploring these questions is a good way to spark your thinking and identify the areas you need to research. As you gather the answers, start putting your plan down on paper.
.. What products or services will I provide?
.. Who will be my customers?
.. How will my products and services meet my customers’ needs?
.. What equipment or special skills will I need?
.. How will I advertise or promote my business?
.. Who will be my competitors?
.. How will my business compare with my competitors
.. Where will my business be located?
.. Will I operate my business alone (as a sole proprietor) or as a partnership or
corporation?
.. Will I need to hire employees?
.. How will I find people to hire?
.. How will I pay them?
.. How much money will I need to start my business?
.. How much money will I need to run the business day-to-day?
.. Where will I get the money to get started? Do I qualify for a personal loan?
.. What kinds of legal regulations will my business have to meet – for example, laws
regarding employees, environmental protection or import/export?
.. What kinds of insurance will I need?



Also keep in mind sources such as the Small Business Administration
will be very helpful in supplying free information on starting a small or home
based business.