Business Checklist

Step One: Business Idea

• You will get all sorts of advice about picking the “right” business idea for you.
• The truth is that nobody but you can decide what business is best for you.
• Regardless of whether it is the next greatest idea or the most unique concept ever, it is most important that you pick something you are passionate about and you are committed.
• The best part about all of this is that you have taken the first step to being independent and not dependent upon someone else and stuck in the “employee” mindset.

Step Two: Business Structure

• Do you plan to have partners and/or will you need investors?
• Are you going to need employees?
• Will you need a physical location or can your run your business virtually?
• You should pay particular attention to what goods or services you are selling, the costs involved to operate your business, profit margins, and time commitment.
• As you put together your plan you can identify any adjustments needed before you start spending any money. The best part is that planning is free and can provide you with some incredible advantages.

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