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Before you start your business, there is a lot of planning and information you must consider. In doing so, you can avoid costly mistakes and ensure your business is successful.
Planning for your business can be exciting and full of potential, but it’s also important to understand the reality of business ownership. The more you know about your business before you start it, the easier it will be to avoid mistakes.
For a guide on starting your new business, here is a business start up checklist. Read below.
Licenses and Permits
If you’re starting a business you will need to obtain a business license from your local government. This license gives you legal permission to operate your business within their jurisdiction.
Also, depending on the nature of your business, you may need to apply for specific industry licenses and permits. Make sure to check with your city or county to see if there are any special permits required for your type of business.
Business Checking Accounts
You need to get the right type of account for your business. The most common type of account is a business checking account, which offers features like online banking and checks deposits.
Make sure you have the right documents to open a business checking account. This includes a business license, incorporation papers, and tax ID number.
You can also visit https://www.nav.com/business-checking/ to compare the best business checking accounts.
Business Insurance
Whether you’re a one-person operation or have several employees, business insurance can help protect you from financial losses due to accidents, injuries, property damage, legal problems, and more.
Consider what types of coverage you need and shop around for the best rates. Don’t skimp on coverage, as it could end up costing you more in the long run if something goes wrong.
Office Supplies and Furniture
You’ll need to supply it with all the necessary equipment and furniture to get started. Here’s a checklist of office supplies and furniture you should include.
- Computer and printer
- Phone and phone system
- Fax machine
- Copier machine
- Office supplies (pens, paper, etc.)
- Filing cabinets
- Office chairs
- Reception area furniture
- Conference room table and chairs
- Breakroom furniture and supplies
This is by no means a comprehensive list, but it’s a good starting point for furnishing your new office space.
Marketing and Advertising
Always think about your target market and how you will reach them. Traditional advertising methods like print, radio or TV ads may be a good fit, or you may need to get creative with digital marketing tactics.
Don’t forget to create some marketing collateral like a website, business cards, and social media accounts. Having a strong online presence will help you reach more customers and grow your business.
Human Resources
Even if you’re a one-person operation, you’ll still need to think about things like payroll, benefits, and workers’ compensation. If you have employees, you’ll need to develop policies and procedures around hiring, firing, and disciplinary action.
By taking the time to think about human resources now, you’ll ensure that your business is compliant with all the necessary laws and regulations. You can even outsource human resources to a PEO company in Canada, Texas, Spain, or wherever you’re located and they’ll handle all the legal aspects from recruiting to handling the staff’s payroll and taxes.
Learn About Business Start Up Checklist Today
A well-thought-out business start up checklist can help ensure that you have covered all of the necessary bases in starting your business.
While this is not an exhaustive list, it is a good starting point for ensuring that your business has a solid foundation. By following this guide you can finally learn about the business start-up checklist. Start a business today!
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