Essential Start-Up Checklist that will guide you to put your new challenge on the right track

Well, now you take a long breath, get a pencil and a paper and let’s start by a proper brainstorming either alone or with your Co-founders, then as much as you can put your thoughts on a mind mapping sheet. I personally use one of my daughter sketching Books or my iPad Note App.

Give your self the proper time to get to the basic things first as the following:
• Analyze your business idea by doing a SWOT analysis

• Assess your strengths and weaknesses as an entrepreneur

• Establish business and personal goals that will encourage you to pursue this dream

• Assess your financial resources and identify potential sources of funds either from your savings or your family

• Identify the financial risks (Don’t test the water with your two legs)

• Determine the start-up costs (Add more margin 😅)

• Decide on your business location (It’s okay to start from home, but wherever you going to target clients)

• Do thorough market research (please, please, please)

• Identify your customers

• Identify your competitors ( you have to study them, to take notes and even visit them to experience their services)

• Develop a marketing plan or ask a skilled team to support you on that. BrandsCave is offering very affordable Start-Up packages and a free consultation that will help you get your marketing plan rise and shine.

Congratulations your Business getting shaped
Now it became more serious and we need to get things done so start with the following:

• Select a lawyer and an accountant depending on your location and country where they can assist you with the right Frame for your business and proper establishment of your bookkeeping.

• Choose a form of organization (proprietorship, partnership, Limited Liability Company or corporation, for example)

• Create your business (register your company’s name, incorporate the business, and don’t forget to check for uo6ur business name availability on social media

• Prepare a basic business model canvas that will be the skeleton for your business plan

• Select a banker and set up a business checking account

• Apply for business loans and grants (if applicable)

• Establish a line of credit (if possible)

• if your business will have any kind of risk Select an insurance agent and obtain business insurance.

Hooray, It’s getting serious and you need to get known in a style, Aren’t you?!
• Get the right team that will help you and craft your basic organization chart.

• Prepare corporate brochures

• Build a website

• Set-up corporate email accounts

• Create your Business cards

• Obtain a lease if it’s mandatory or required to your business

• Line up suppliers (if applicable)

• Get furniture and equipment

• Obtain business licenses or permits (if applicable)

• Join professional organizations that related to your business like the chamber of commerce in your city.

• Choose a starting date

• Prepare and deploy your communication/marketing strategy