2070 Start a Home Business Checklist

 Who is your target market?  What products or services will you be offering?  Who is your main competition?  What is your value proposition?  How will you deliver your products or services?  What will you name your business? Administration  Where will you work? Determine where your office space will be.  Purchase or set up your office equipment and supplies (eg, desk and good chair, computer, printer, phone line, software, basic supplies, etc.)  Set up a separate business address for correspondence.  Set up a separate business email address.  What kind of legal entity will you create? Complete the legal requirements and registration. Identify a lawyer or accountant to help you.  Obtain an Employee Identification Number (EIN). If you are a sole proprietor, this may be your social security number.  Register your name and buy the matching domain name.  Purchase web hosting, if you are going to have a website.  Order business cards. Home Business Start-Up Checklist (continued) Finances  Set up a separate banking account for your business. Obtain a separate business credit card.  Determine how you will pay and get paid. Set up the systems you will use (eg, Paypal and/or credit cards).  Set up a system for tracking your finances.  Prepare an initial budget and financial forecast.  Set your initial business and financial goals. Support  Identify relevant industry websites and forums. Start networking.  Identify and join a mastermind group.  Decide which training you will use, if needed. Get started.  Find people who can perform the tasks you will not be doing yourself. (e.g., website design and development, accounting). Promotion  Create your marketing plan and calendar.  Create an action plan with deadlines. Take a deep breath and get started!! Come and get resources, support and action moving forward in your home business at http://boahb.com/