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Six-Week Start Up - Checklist for launching a new business Print E-mail
Week actionnotesÂ

1 Laying
the
foundation

Clarify your business concept:
 -
  Identify your personal goalsÂ
  Spell out your business valuesÂ
  Remind yourself of your source of inspirationÂ
  Describe your business conceptÂ
  Identify your strategic positionÂ
  Decide whether you want partnersÂ
  Decide whether you want investorsÂ
  consider potential exit strategiesÂ
  Discuss the impact of starting a business with your familyÂ
  Make an appointment with an SBDC counselorÂ
  Create your company identityÂ
  Choose a name
Â
  Check out trademarks Â
  Secure a domain name
Â
  Consider logos, taglines and colors
Â
  meet with a graphic designer
Â
  Get Organized
Â
  Set up physical files
Â
  Set up computer files
Â
  Set up contact management system
Â
  keep track of your company''s vital statistics Â
  keep track of expenses
 

Week 2:Get the
Information You
Need

 Learn more about your industry
Â
  Make a list of your research questions
Â
  Contact your industry association(s)
Â
  Do online research
Â
  Research your target market
Â
  Define your target market
Â
  Determin if there are enough customers
Â
  Check out your competition
Â
  Identify your competitors
Â
  Analyze your competition
Â
  Compare competitors'' pricing
Â
  Find suppliers
Â
  Consider strategic partners
Â
  Broaden / Establish your network
Â
  Attend an entrepreneur or industry organiztion meeting
Â
 Week 3: Cut
Through Red Tap
Deal with legal and licensing matters
Â
 Choose a legal form and ownership structure
Â
 Discuss ownership of your company Â
 Apply for business licenses, permits and ID numebrs Â
  Discuss collecting sales tax
Â
  Draw up basic contracts and other legal agreements
Â
  Protect your intellectual property
Â
  Build your team and personnel structureÂ
  Consider your support structureÂ
  Decide who you need on your team
Â
  Examine the use of independent contractors
Â
  Understand employment laws & consider personnel policies
Â
  Appraise your management style
Â
 Week 4: Take
Care of
Operations
 Find and secure a location
Â
  Option 1: Rent space:
Â
  Decide on the necessary attributes of your location
Â
  Meet with a real estate agent
Â
  Compare properties
Â
  Consider wheter you need more than one location
Â
  Option 2: Set up a home office
Â
  Find the space to work
Â
  Figure out your phone, fax and Internet connections
Â
  Plan how to meet with customers
Â
  Decide whether you need a separate business address
Â
  Understand home-based office tax deductions
Â
  Plan ways to separate work life from home life
Â
  Deal with kids and pets
Â
  Option 3: Set up and "office" in yoru vehicle
Â
  Design your work space and production process
Â
  Design your layoutÂ
  Design your production process
Â
  Order / install utilities and facility improvements
Â
  order furniture and equipment
Â
  Order inventory and/or raw materials
Â
  Research and purchase computers and other technologyÂ
  Develop an approach to buying technology Â
  Choose a phone system
Â
  Choose software
Â
  Choose hardware
Â
  Get online
Â
  Find ways to get technical help
Â
  Consider how you will distribute your products
Â
  Design procedures for handling administrative tasksÂ
  Deal with insurance
Â
 Week 5: Deal
With Money
Issues
 Deal with money matters
Â
  Meet with an accountant
Â
  learn the lingo
Â
  Take stock of your personal financial situation
Â
  Clean up your credit
Â
  Set up your books
Â
  Establish your pricesÂ
  Open a bank account
Â
  Consider accepting credit cards
Â
  Prepare simple financial forecasts
Â
  Learn about taxes
Â
  Consider financing
Â
  Determine whose money you want
Â
  Develop a business plan
Â
 Week 6:
OpenYour Doors
 Develop a marketing plan
Â
  Clairfy your company''s message
Â
  Come up with your Elevator Pitch
Â
  Decide on marketing vehicles
Â
  Set up a simple website Â
  Start making sales!
Â
  Hold your grand opening
Â
  Look towards the future
Â

 


 

 

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