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o
identify the financial risks
o
determine the start-up costs
o
decide on your business location
o
do market research (interview people in your field)
o
identify your customers
o
identify your competitors
o
develop a marketing plan
Business transactions
o
select your service providers (accountant, lawyer, banker)
o
choose a form of organization (proprietorship,
partnership, or corporation, for example)
o
prepare a business plan
o
create your business (register your name, incorporate the
business, etc.)
o
set up a business checking account
o
apply for business loans (if applicable)
o
establish a line of credit
o
select an insurance agent
o
obtain business insurance
First steps
o
get business cards
o
review local business codes
o
obtain a lease
o
line up suppliers (if applicable)
o
get furniture and equipment
o
obtain a business license or permit (if applicable)
o
get a federal employer identification number (if
applicable)
o
get a state employer i.d. number (if applicable)
o
send for federal and state tax forms
o
set a starting date
o
join a professional organization
Note: This list was provided
anonymously to ARRiiVE. We did not create nor do we know the original
source. If you know the original source, please notify us so that we may
correctly name them here. Thank you.
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