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4 Step Checklist for Starting a Business

Starting a business entails endless to-dos to get things up and running. With the amount of inventory you have to take care of just to get started (and we mean that both literally and figuratively), to the responsibilities you need to tackle outside of your business, starting a business is a lot for anyone to handle.

To make things simpler for you, we’ve created a four-step checklist for starting a business so you can work towards taking things one at a time.

1. Establish a Business Budget

Your dreams may be significant, but your budget is likely limited. You might even consider working with a financial advisor to help you improve your business by developing the most successful budget for the business you’re looking to build.

Before buying merch by Amazon or making any major decisions, get your budget established, so you know how much money to devote to what aspects of your business, and if there is need for business loan assistance before settling on major purchases like commercial real-estate or office properties you may need.

2. Get Clear On What You’re Creating

One of the most important steps to take before starting a business (or really any project) is to get clear on what you’re looking to create. Hazy intentions that leave things left unsaid will leave you with only more work in the long run and may distract you from achieving your end goal.

To bypass these obstacles, get as detailed as possible on the general idea of what you’re looking to create.

For a business, this means you are defining the kind of business you’re starting, where the company might be, who you want involved when these objectives will take place, and why you’re interested in creating a business in the first place.

All of the who, what, where, when, and whys should be accounted for before you take action steps.

3. Find a Partner

There is an unhelpful belief that many people have when creating new things. They believe that if they don’t do it all themselves, they’re somehow phoning it in.

The truth is that asking for help and collaborating with others is one of the best things you can do for your creations. You can do many things, but indeed, others have advanced workplace skills in certain aspects that you could use some help on.

When you find the willingness to work with other people, your results are even better than imagined. Find a digital coach or business partner who wants to work with you to build the business of your dreams.

4. Create a Timeline

Once you’ve gathered your clear idea, your key players, and your finances, it’s time to create a project timeline for your plans. Decide how soon you want to open, how long it will take to find prospective employees, how long it will take to create a website, etc.

Figure out the timeline details and create a spreadsheet outlining all of this information.

Cross things off as you complete them to stay on track of where you are in the process. A business creation timeline will help you stay aware of where you are and what needs to get done to get to where you want to go.

The Bottom Line

Consider the above tips as you pursue your goals, and remember, it’s more than okay to ask for help! Don’t let the fear of getting started to prevent you from opening the business of your dreams. There may be a lot to consider, but with the proper steps in place, you can create the business you’ve always wanted.

ThriveVerge
ThriveVergehttps://thriveverge.com
The founder and CEO at ThriveVerge, The Verge, and Thrive Revolution. He launched Thriveverge in 2016, a leading behavior change technology, business, media, and entertainment company with the mission of ending the collective delusion that burning out is the price we have to pay for success.
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