While each business idea has a slightly unique path on its way to market, all businesses have some fundamental tasks that must be completed before launching.
From choosing a business name to selecting your business entity type, there are specific legal tasks a business owner must complete to properly form a business.
Once you’ve established your entity legally (after consulting with both a lawyer and an accountant), it’s time to get set up financially. Hiring an accountant and setting up a bookkeeping system is essential to success from day one.
While hopefully your initial research gave you insight into your target audience, now the real marketing work starts. It’s not a “build it and they come” situation. You must figure out who your customer is and how to reach them. This will involve everything from messaging and branding to website to email marketing and more.
Insurance is an often overlooked part of launching a business, but something you shouldn’t ignore. Consult with an insurance agent and protect your business and personal assets!
Download our New Business Checklist
Obviously there is more to it than the little tidbits mentioned above, which is why we created the New Business Checklist. This downloadable step-by-step guide and checklist outlines all the tasks you need to complete in order to launch your business. It also includes links to valuable resources to help you knock out the list.
Is it really that simple?
While it would be great if everything went as planned and you checked off each task on the New Business Checklist in sequential order, but for most entrepreneurs that’s just not how things go.
The truth is you’ll have setbacks and make mistakes. You may have to consult with a few professionals to find the best one for you. You might have to hire out more tasks than you anticipated.
The path to a successful business launch is typically not a straight line. Enlisting the support of a coach or mentor can help prevent you from making some mistakes. But they can’t protect you from everything, including yourself and the process of learning how to be an entrepreneur.
We’re here to help
Starting a new business or launching a new product/service for an existing business can be overwhelming. We’re here to help! From FREE Business Coaching to our flagship Start Up Your Startup program we offer coaching, classes, connections and help with access to capital. Simply book a Start Here session or reach out to get started.
Start Up Your Startup
If you are looking to gain all the information you need to start your business we highly recommend participating in our Start Up Your Startup program. In a friendly, collaborative group environment led by experienced entrepreneurs we will guide you from idea to business.
This 4-week business bootcamp is offered 2-3 times per year and equips aspiring entrepreneurs with insights, relationships and tools needed to turn their business ideas into reality. Our upcoming session starts October 17th – be sure to apply today so you don’t miss out!