Starting A Business? Here’s Your Checklist

So, are you tired of living off from your salary? Do you feel like you have been working too hard without being paid just as much? Or are you over with the thought of having to need more than just one job to be able to pay your bills? Or perhaps you are a student, trying to find ways to pay off your student loan as much as you could to lessen your parents’ burden?  Maybe you are a retired personnel wanting to invest money and make it grow? Or are you a homemaker whose kids have gone off to college and now has more time for yourself? In any case, today, to be able to survive, it is important to have an eye for business. Why business? Because business is the root of everything—the economy, supply and demand all rely on business and how it will grow. Even some academic institutions were built for the main purpose of profit. This is how important a business is. It is a part of the life cycle which may make or break the person. But just how do you start your business?

License: Creative Commons image source
License: Creative Commons image source

Here’s your checklist:

1. An Idea That Sells. 

Before thinking of anything else, you have to know first, what it is that you are going to do. If you are good in baking, then you can probably start a bakery but with a twist—you wouldn’t want to be like the other bakeries! Maybe you can do something to lower your costs and then go for an everyday buy one take one, or a food truck that sells authentic dishes that cannot be found elsewhere. 

2. A Unique Name. 

To catch your customers or clients, you have to come up with a name that’s special and that speaks for your business. Remember, this name will carry your future. 

3. Investors 

You may or may not need investors because it depends on how big your budget is and your vision to the business. However, it would be better of course to have a partner to help you out with the chores and the errands. It wouldn’t hurt too, that they can lessen the money you will cash out. 

4. Target Market 

Who is your business for? This is in relation to the first item on the checklist. You have to know your bu
siness above anybody else. Your target market will help you in choosing your advertisements and even in the pricing strategy! 

5. Paperworks 

Now, you have to go on with the paper works such as the different permits you have to secure. In cases where the health may be at risk, be ready for an inspection in your area.

6. Headquarters 

The headquarters will serve as your playroom slash boardroom. It is where you will discuss things that you are not comfortable discussing with others such are the tedious tasks, the amount of taxes you have to pay, the multiple permits you need, and the likes.

7. Employees 

Unless you intend on a one-man job, you will need several employees to do the tasks for you.

8. Office Space 

To grow a business, you need to have a decent office. The difference between this and the headquarters is that, the headquarters can be as messy as you want it to be.The office space needs to be gleaming and presentable at all times. Choose furniture that’s elegant, classy and never goes out of style. Office furniture such as the sofa in the waiting area will show your prospective clients that you mean business. As what they say, “”First impressions last.” . Remember, your office is the reflection of your business. Treat it as your
home.

About the Author: Marie is an Interior Designer and Decorator who specializes in offering design consulting to various Business’s. She occasionally shops for office furniture from Only Office Furniture.

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