India filings

Business Startup Checklist

Business startup

• The Entrepreneur Checklist: Ready to start a business?

• Why do you want to be an entrepreneur?

• Do you possess the required business skills?

• The Idea Checklist: What will be a good idea?

• Make a list of your hobbies, skills, and talents.

• Make a list of the business ideas you thought of or felt passionate about.

• Brainstorm, narrow down and decide.

• The Market Analysis Checklist: Will the idea work?

• Analyze the customers.

• Analyze the competition.

• Analyze the opportunities

• Business Plan Checklist: The final step before launch!

• Choose a business name for your venture.

• Prepare a short and succinct introduction about your business.

• Prepare a mission and vision statement.  

• Write an introduction about the promoters.

• Provide information about the business model.

• Compile financial estimates.

• Add a professional touch by creating a power point presentation for your business.

• Finance Checklist: Is there money to start and sustain the business?

• Will you be using your savings?

• Use the resources and fund from a friend by partnering with him/her? 

• Will you generate funds from family and friends?

• Will you seek assistance from venture capitalists, private equity firms, angel investors or others?

• Will you seek bank loan?

• Will you seek assistance form NGO’s or institutions that assist new business startups with seed funding?

• Legal Checklist: Will you legally safe?

• What business entity to choose? Know the advantages and disadvantages.

• Will you require any tax registration?

• Will you have to file periodic returns to government?

• Will the business require trademark or copyright or patent registration?

• Are there any special licenses required from regulatory authorities?

• Are there any licenses or registrations required from state or central government?

• Launch Checklist: Taking the first steps.

• Decide on the location you wish to set up your business at.

• Recruit smart and talented individuals and professionals. 

• Advertise your business

• Receive feedbacks from customers and employees.

• Dedicate time to constantly upgrade yourself with the latest market trends.