New Business Checklist

Checklist To Help Make Sure You Have Everything Covered

When starting a business, there is a lot to cover. Whether in the planning stages or getting ready to open your doors, you will have many tasks to complete before you start.

• Creating a checklist for starting a business is a great way to ensure you cover all the necessary steps. Here’s an expanded checklist based on your examples:
  1. 1. Research and Planning
        • Research your business idea: Assess feasibility, uniqueness, and profitability.
        • Research your target market: Understand customer needs, preferences, and demographics.
        • Create a business plan: Outline goals, strategies, financial projections, and timelines.
        • Create a marketing plan: Develop branding, advertising, and customer engagement strategies.
        • Choose a suitable location: Consider customer accessibility, competition, and costs.
        • Analyze competitors: Understand their strengths, weaknesses, and market position.
     2. Legal and Administrative Setup
        • Register your business: Choose a legal structure (LLC, corporation, sole proprietorship, etc.).
        • Obtain a tax ID: Register for an Employer Identification Number (EIN) if needed.
        • Secure necessary permits and licenses: Check local, state, and federal requirements.
        • Consult with a lawyer: Get legal advice on contracts, intellectual property, and regulations.
        • Consult with an accountant: Set up accounting systems and understand tax obligations.
     3. Branding and Online Presence
        • Create a corporate identity: Design logos, business cards, letterheads, and stationery.
        • Register a domain name: Choose a web-friendly name for your website.
        • Create a professional website: Ensure it’s user-friendly and reflects your brand.
        • Establish social media presence: Create profiles on platforms like Facebook, LinkedIn, etc.
        • Develop an online marketing strategy: SEO, content marketing, and social media advertising.
     4. Operational Setup
        • Purchase necessary equipment: Computers, machinery, tools, etc., specific to your business.
        • Set up your office/workspace: Organize a productive and efficient workspace.
        • Purchase or manage inventory: Ensure you have enough stock to start with.
        • Hire employees: Recruit, interview, and hire staff as needed.
        • Set up payroll and HR systems: Ensure compliance with employment laws.
     5. Launch Preparations
        • Plan a grand opening: Organize an event to generate interest and attract customers.
        • Network with local businesses and community: Build relationships for support and collaboration.
        • Establish a customer service strategy: Decide on policies and training for handling customer inquiries and issues.
        • Test your systems: Ensure all operational, financial, and marketing systems work smoothly.
     6. Ongoing Management
        • Monitor finances: Regularly review cash flow, profits, and expenses.
        • Continuously market your business: Adapt strategies based on results and market changes.
        • Seek feedback and adapt: Listen to customer feedback and adjust your business accordingly.
        • Keep learning and updating skills: Stay informed about industry trends and best practices.

The list is endless. It can become overwhelming very quickly. As you can see, the list above is incomplete and long. Also, notice the list doesn’t go into detail; each of these tasks could have a list of its own.

I like to use a checklist because it eliminates the need to think about every little detail. After all, you’ll have random thoughts popping into your head all day long. When you have a checklist prepared, you don’t have to worry when you are ready to go; just get out your checklist and start checking off every task you complete.

The thing I like best about checklists is you can update them as necessary, adding and deleting as needed.