1. Before Anything



Stage 1 - Before Doing Anything
(Think and talk about everything first)

Steps

1
VISION You must have a vision and dreams
2
GOALS Set your Goals and Objectives
3
FAMILY Discuss with close family especially your spouse
4
EDUCATION Learn as much as you can about business
5
KNOW START BUSINESS Be aware of what’s involved in a Business
6
RISKS & GAINS Be aware of the risks and gains of business
7
YOUR BUSINESS What type of business will you operate
8
START or BUY Finally decide how to get into a business
9
PRODUCTS Finalise Products or Services the business will sell
10
LOCATION Will you operate from home or outside premises
11
ACCOUNTANT (1) First meeting with accountant or adviser
12
NAME Decide your Business or Company Name
13
DOMAIN NAME Decide your Domain name for Internet and web site
14
STRUCTURE Decide Business Structure to use (Coy or P’ship etc)
15
REGULATIONS Be aware of Regulations & Laws (IRS etc)
16
PARTNERSHIP If going into partnership all must agree to proceed
17
LLC If going into a LLC members must agree to proceed
18
TAX & Sales Tax To Come