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/