Checklist For Entrepreneurs

CHECKLIST for ENTREPRENEURS

Getting Started

  • Analyze your business idea by doing a SWOT analysis (Strengths, Weaknesses, Opportunities and Threats).
  • Assess your strengths and weaknesses as an entrepreneur
  • Establish business and personal goals
  • Assess your financial resources and identify potential sources of funds
  • Identify the financial risks
  • Document  the startup cost
  • Decide on your business location
  • Do thorough market research
  • Identify your customers
  • Identify your competitors
  • Develop a marketing plan

Business Transactions

  • Select a lawyer and an accountant
  • Choose a form of organization (proprietorship, partnership, or corporation, for example)
  • Create your business (register your company’s name, incorporate the business, etc.)
  • Prepare a business plan
  • Select a banker and set up a business checking account
  • Apply for business credit cards
  • Establish a line of credit (if possible)
  • Select an insurance agent and obtain business insurance

READY, SET... GO!

  • Prepare corporate brochures
  • Build a website & register a
  • Domain Name
  • Set-up corporate email accounts
  • Get business cards
  • Obtain a lease
  • Line up suppliers (if applicable)
  • Get furniture and equipment
  • Obtain business licenses or permits (if applicable)
  • Get a GST/HST number (if applicable)
  • Get an employer ID number (if applicable)
  • Send incorporation papers for federal and province tax forms
  • Join a professional organization
  • Choose a starting date
  • Prepare and deploy your communication/marketing strategy


Now You Are In Business! Yayyyy! CONGRATULATIONS!


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