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Train myBiz
Train myBiz

5 Step Venture eMentoring Program™

Session 5: Business Launch and Monitor Progress

Module 5b: Business Readiness Checklist

Business Readiness Check List

The Business Readiness Check List will help you to identify the various issues you must be aware of, and on top of, before you can actually start your new business.

Instructions: Carefully review the following Business Readiness Check List to identify the issues you need to plan for. Check the choices that best represent your status. Create an action plan for each item requiring attention.

Please fill in questions marked in red

REGISTRATIONS AND REGULATIONS

1. Establish a business location

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  • 2. Select a name for your business

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  • 3. Choose a business structure

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  • 4. File for an Employer Identification number (EIN) with the IRS

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  • 5. Business Law

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  • http://www.abanet.org)

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  • INSURANCE

    1. Determine your business insurance needs

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  • RECORD KEEPING

    1. Plan a system for recording important financial information

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  • 2. Plan a system for recording and paying taxes

  • http://www.irs.gov/businesses/small/article/0,,id=176080,00.html

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  • 3. Plan a system for recording and tracking inventory levels

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  • 3. Plan a system for planning, recording and tracking employees time

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  • ADVERTISING

    1. Advertise your business and location

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  • Web Marketing article)

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  • UTILITIES

    1. Make arrangements for needed utilities

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  • EQUIPMENT and SUPPLIES

    1. Decide and purchase necessary equipment, technology and supplies

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