Thinking about starting a business? Make planning for the success of your business a priority to avoid common mistakes small business owners historically make. What does planning for the success of your business mean? It means taking the time to research and plan every aspect of your business.
Who is your market? What type of business structure will best meet your needs, short- and long-term? Do you have enough start-up money or require
funding? What equipment do you need to start your business? Are there any li-
censes or permits required to start your business? Are you prepared to perform all of the functions of your business or will you need to outsource services? The list of questions is endless. Create a check list for the set up your business or use the one included here as a quick guide to plan your small business. Revise and expand it as needed. Develop a relationship with local, state and federal entities such as the State Comptroller’s office and the Internal Revenue Service. It is your responsibility to know and follow all governing rules, regulations and tax laws pertaining to your business. These agencies can provide valuable information and resources to help your business succeed. Seek local area professionals for guidance and services in areas such as taxes, bookkeeping, contracts, employment law, business development, marketing, and so on. Develop a core group of “go-to” advisors and resources to help you take care of the details of your small business and plan for success. Easy to Use Checklist Business Set-up • Identify your market
• Identify your products or services
• Contact local, state & federal agencies for regulations & tax requirements
• Select a business location
• Name your business, select a business structure & file appropriate forms
• Create a business plan
• Procure funding for business start-up Business Operations
• Open a business bank account
• Set up & furnish business office
• Set up bookkeeping or outsource
• Set up processes & procedures
• Create business forms & invoices
• Establish vendor accounts
• Establish hours of operation
• Identify all functions of business
• Hire staff or outsource functions
Business Marketing
• Create a business identity
• Develop a marketing plan
• Create marketing materials such as business cards, brochures, etc.
• Market, advertise & promote business | 
