2070 Start a Home Business Checklist

Solopreneur Success Strategies

? Who is your target market?

? What products or services will you be offering?

? Who is your main competition?

? What is your value proposition?

? How will you deliver your products or services?

? What will you name your business?

Administration

? Where will you work? Determine where your office space will be. ? Purchase or set up your office equipment and supplies (eg, desk and good chair, computer, printer, phone line, software, basic supplies, etc.) ? Set up a separate business address for correspondence. ? Set up a separate business email address. ? What kind of legal entity will you create? Complete the legal requirements and registration. Identify a lawyer or accountant to help you. ? Obtain an Employee Identification Number (EIN). If you are a sole proprietor, this may be your social security number. ? Register your name and buy the matching domain name. ? Purchase web hosting, if you are going to have a website. ? Order business cards. Home Business Start-Up Checklist (continued) Finances ? Set up a separate banking account for your business. Obtain a separate business credit card. ? Determine how you will pay and get paid. Set up the systems you will use (eg, Paypal and/or credit cards). ? Set up a system for tracking your finances. ? Prepare an initial budget and financial forecast. ? Set your initial business and financial goals. Support ? Identify relevant industry websites and forums. Start networking. ? Identify and join a mastermind group. ? Decide which training you will use, if needed. Get started. ? Find people who can perform the tasks you will not be doing yourself. (e.g., website design and development, accounting). Promotion ? Create your marketing plan and calendar. ? Create an action plan with deadlines. Take a deep breath and get started!! Come and get resources, support and action moving forward in your home business at http://boahb.com/