Unique Consults Business Blog!

The Business Plan

What are the first steps to starting a business you say? The first thing anyone should consider in starting a business is having a plan. A plan or business plan as it is called, is simply put a structured way of looking at how your business will look, what it will take to get it going, any financial considerations, employee's required, etc. Your plan can be simple to highly technical depending upon your business needs.

 

There are many reasons for having a well defined business plan. One of the more important reasons to create one is to find out if your business idea can withstand the scrutiny and get off the ground. 

Starting a business

Below are points to consider when starting a business. Depending upon the type of business chosen, there could be additional steps needed or a few less. Only you as the business owner can decide what that is.

 

  • Create Business Plan
  • Obtain Start-Up Money
  • Define the Business Structure (LLC, Corporation)
  • Register Business Trade Names
  • Obtain an Employer ID N (EID) Number
  • Obtain Business Licensing as Required
  • Draft Company Documents (Bylaws, Contracts)
  • Satisfy Insurance Requirements
  • Establish Business Presence
  • Establish Internet Presence
  • Develop Business Documents (Letterhead, logos)
  • Open Bank Accounts
  • Establish Accounting Procedures
  • Get a Business Credit Card
  • Identify where to get help (Lawyer, accountant)
  • Additional filings for out of state work
  • Don't forget to follow all laws
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