The One and Only Business Startup Checklist You’ll Ever Need
According to the U.S. Business Formation Statistics, there were over 4.38 million business applications in 2020. Though this seems like a huge number, it’s great news for new startups to make it out there, regardless of the competition.
To start a successful business, you need a solid foundation that’ll set it up for success. From writing a business plan to developing a strong product, it can all get overwhelming.
Luckily, we have a checklist for you to follow to make things easier. Keep reading to discover the best business startup checklist you’ll ever need to launch your business in no time.
Write a Business Plan
The first and most important step to launching a startup is writing a business plan. It’s the key to smart management and will make the entire process so much easier. It’s also essential for getting investors as it shows them you’re serious about your business and have a clear vision.
Choose a Legal Structure for the Company
Before you register the company, you need to choose a legal business ownership structure. This can be a sole proprietorship, an LLC, or a C corp. They all have different features, so do your research beforehand to make sure you choose the right one. This will help you operate legally and stay on top of your active UCC filings.
Whether you’ll be bootstrapping the company or finding investors, funding is crucial to setting up the startup for success. Getting capital will help you pay for your initial business essentials and give you the chance to develop a high-quality product.
Get Licenses and Permits
Depending on your niche and products, you may need to get licenses and permits to operate the business legally. Check with your state to see which permits — if any — you need to set up before you launch.
Set Up Delivery Channels
Whether you’re selling physical or digital products, you need to set up smart business delivery channels. For physical products, these are distributors, retailers, and wholesalers. For digital products, your main delivery channel is the internet, as well as software like email, websites, and content delivery platforms.
Set Up Marketing Channels
Every small business owner needs social media to spread the word. It’s the quickest, most affordable way to reach your ideal customers and start selling. Set up your social media channels way before launching so you can plan the strategy ahead of time.
Sell, Sell, Sell
The final and most important step is selling your product or service to your ideal customers. This is when all your hard work and marketing get to pay off. You can sell online on your website and social media channels or use platforms that’ll help you position the product in front of customers.
Follow This Business Startup Checklist To Set Your Business for Success
Whether you’re a new business owner or have some experience running a company, this is the most comprehensive business startup checklist you’ll ever need. Follow the steps closely, have a clear vision, and your startup will be ready to hit the market in no time.
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